Dogecoin endured a sharp sale overnight and slid from $ 0.27 to $ 0.25 during session 22 to 22 September, when institutional dealers relieved positions on record volumes over 2.15 billion tokens.
The Midnight route carved through the support levels and established fresh resistance zones, leaving DOGE that consolidated about $ 0.25 when dealers monitor for improvement or continuation lower.
News Background
• DOGE fell 7% during the 24-hour period, which ended on September 22 at 1 p.m. 02:00 and withdrew from $ 0.27 to $ 0.25.
• Midnight trade experienced a collapse of $ 0.26 to $ 0.25 on a record 2.15 billion volume dwaring the 24-hour average of 344.8 million.
• Analysts marked a “1-2 pattern” formation that historically has prior to DOGE breakouts over $ 0.28- $ 0.30.
Summary of Price Action
• DOGE’S RANGE spans over $ 0.02 (≈8%) between a $ 0.27 high and $ 0.25 low.
• Resistance solidified near $ 0.27 after repeated refusal.
• Institutional support emerged about $ 0.25, with recovery attempts that kept DOGE rooted above this level.
• In the last hour (01: 14–02: 13)DOGE jumped within a narrow $ 0.25- $ 0.25 channel and showed accumulation patterns with spikes at. 01:25 and 02:03.
Technical analysis
• Record 2,15B -Tokens, which is traded during midnight’s dump, confirms heavy institutional activity.
• Support confirmed at $ 0.25; Failure here risks expanding the decline toward $ 0.23.
• Key Resistance is $ 0.27, with the next upward test of $ 0.28- $ 0.30 should buy CV.
• Volume tips during recovery attempts highlight potential bottom conditions.
• Pattern Recognition: Technicians identify a recurring “1-2 setup” that complies with previous rally styles.
Which dealers are looking at
• Whether $ 0.25 may contain as durable support after record fluid streams.
• Institutional positioning around $ 0.28- $ 0.30 The resistance tape if the recovery gets traction.
• Following volumes in upcoming sessions to confirm whether accumulation or additional distribution dominates.
• Wider mood affects ETF delays and ongoing legislative uncertainty.
