2 hours ago
Dogecoin bounced sharply successful aboriginal Sunday trade, recovering from Saturday’s descent to reclaim the $0.26 handle.
The determination higher came aft a mid-session flushout drove terms to $0.248 connected dense volume, clearing anemic longs earlier buyers stepped in.
DOGE is present consolidating conscionable supra $0.26 with traders eyeing the $0.30–$0.33 portion arsenic the adjacent absorption cluster.
News Background
• DOGE has been trading wrong a wide $0.24–$0.27 set done September arsenic ETF filings and organization mining investments physique longer-term narratives.
• Reports amusement 2 cardinal DOGE accumulated by ample holders implicit the past 72 hours, accordant with humanities pre-breakout patterns.
• Broader crypto markets are stabilizing aft past week’s $1.7 cardinal successful liquidations, with DOGE drafting inflows arsenic traders rotate backmost into high-beta tokens.
Price Action Summary
• DOGE dropped from $0.254 to $0.248 during Saturday’s mid-session selloff, establishing beardown enactment astatine $0.247–$0.249.
• Volume surged to 485.6M during the capitulation, confirming organization participation.
• The token rebounded into an ascending transmission formation, closing adjacent $0.252.
• By aboriginal Sunday, DOGE had reclaimed $0.26, with consolidation present evident supra the level.
• Traders emblem $0.30 arsenic the adjacent absorption test, with $0.33–$0.40 arsenic breakout targets.
Technical Analysis
• Support: Strong basal astir $0.247–$0.249 pursuing heavy-volume rebound.
• Resistance: Short-term astatine $0.265, broader upside targets $0.30–$0.33.
• Volume: Spikes astatine 15:00 (485.6M) and during late-session rallies (>17M successful minutes) corroborate organization flows.
• Trend: Ascending transmission operation forming from $0.248 trough.
• Momentum: Final 60-minute beforehand from $0.251 to $0.252 (+0.5%) signaled continued bid into league close.
What Traders Are Watching
• Whether DOGE tin prolong closes supra $0.26 to corroborate base-building.
• SEC’s pending DOGE ETF rulings — a imaginable near-term catalyst for organization adoption.
• Whale flows aft 2B DOGE accumulation implicit 72 hours.
• Breakout imaginable toward $0.30–$0.40 if momentum accelerates.
English (US) 