4 hours ago
Dogecoin endured a crisp overnight selloff, sliding from $0.27 to $0.25 during the September 21–22 session, arsenic organization traders offloaded positions connected grounds volumes exceeding 2.15 cardinal tokens.
The midnight rout carved done enactment levels and established caller absorption zones, leaving DOGE consolidating astir $0.25 arsenic traders show for betterment oregon continuation lower.
News Background
• DOGE fell 7% implicit the 24-hour play ending September 22 astatine 02:00, retreating from $0.27 to $0.25.
• Midnight trading saw a illness from $0.26 to $0.25 connected grounds 2.15 cardinal volume, dwarfing the 24-hour mean of 344.8 million.
• Analysts flagged a “1-2 pattern” enactment that has historically preceded DOGE breakouts supra $0.28–$0.30.
Price Action Summary
• DOGE’s scope spanned $0.02 (≈8%) betwixt a $0.27 precocious and $0.25 low.
• Resistance solidified adjacent $0.27 pursuing repeated rejections.
• Institutional enactment emerged astir $0.25, with betterment attempts keeping DOGE anchored supra this level.
• In the last hr (01:14–02:13), DOGE bounced wrong a constrictive $0.25–$0.25 channel, showing accumulation patterns with spikes astatine 01:25 and 02:03.
Technical Analysis
• Record 2.15B tokens traded during the midnight dump confirms dense organization activity.
• Support confirmed astatine $0.25; nonaccomplishment present risks extending diminution toward $0.23.
• Key absorption sits astatine $0.27, with adjacent upside tests astatine $0.28–$0.30 should buying resume.
• Volume spikes during betterment attempts item imaginable bottoming interest.
• Pattern recognition: technicians place a recurring “1-2 setup” accordant with anterior rally structures.
What Traders Are Watching
• Whether $0.25 tin clasp arsenic durable enactment aft grounds liquidation flows.
• Institutional positioning astir the $0.28–$0.30 absorption set if betterment gains traction.
• Follow-through volumes successful upcoming sessions to corroborate whether accumulation oregon further organisation dominates.
• Broader sentiment interaction from ETF delays and ongoing regulatory uncertainty.
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