7 hours ago
Dogecoin swung violently implicit the past 24 hours, with whales and organization desks stepping successful connected dense volumes adjacent $0.234 support. The memecoin precocious 2% successful the last hr to retrieve from steep intraday selling, though absorption astatine $0.244 remains firm.
Price Action Summary
• DOGE traded betwixt $0.231 and $0.244 from September 8 astatine 04:00 to September 9 astatine 03:00, a 5.7% range.
• Early momentum carried terms to a $0.244 peak, but dense profit-taking reversed gains by league adjacent astatine $0.236.
• Volumes spiked to 463.5M tokens during rejection astatine $0.244, showing beardown organization selling.
• Late-session enactment emerged betwixt $0.234–$0.237, with 687.9M tokens exchanged, suggesting accumulation.
• Final hr betterment lifted DOGE from $0.234 to $0.237 (+1.3%) arsenic measurement averaged 6.2M per minute.
Technical Analysis
• Support: $0.234–$0.237 portion confirmed by dense buying into late-session declines.
• Resistance: $0.244 level rejected aggregate times connected ample volume, capping upside momentum.
• Short-term momentum: Higher lows during the past 20 minutes bespeak caller bullish bias.
• Key signal: Break supra $0.244 could people $0.250, portion nonaccomplishment risks retest of $0.231 base.
News Background
• Futures information amusement heightened unfastened involvement successful DOGE contracts arsenic institutions hedge spot exposure.
• Market participants expect U.S. regulatory advancement connected crypto ETFs, keeping DOGE successful speculative flows.
• Broader volatility stems from Fed argumentation expectations and planetary commercialized tensions impacting hazard assets.
What Traders Are Watching
• Whether DOGE tin prolong closes supra $0.240 and flip $0.244 into support, opening way toward $0.250.
• How Fed’s September 17 complaint determination impacts hazard appetite and liquidity conditions crossed crypto.
• Whale wallet inflows, with organization desks observed accumulating during late-session dips.
• Progress connected U.S. DOGE-related ETF filings and whether regulators awesome clearer guidance connected meme coin products.
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