Dogecoin rose almost 6% to $ 0.261 in the last 24 hours when dealers placed for the planned debut of the first US Dogecoin ETF on September 12. Expectation of the “doje” product, combined with whale accumulation over 280 million doge, burned heavy late session streams with volume topping 1.1 billion. Analysts are now focusing on whether the token can maintain closes over $ 0.26 and build against $ 0.29- $ 0.30 resistance zone.
News Background
• The first US Dogecoin Etf (Ticker: Doje) is scheduled to start trading on September 12, representing the first exchange -traded product attached to a Memecoin.
• Large holders accumulated more than 280 million DOGE in the days that led to the list, and signalized growing institutional participation.
• Market technicians highlight a bullish pennant -breakout on hourly charts, with upward targets that extend to $ 0.28- $ 0.50 if momentum continues.
Summary of Price Action
• DOGE rose 5.8% in the 24-hour period from September 11 at. 03:00 to 12 September at. 02:00 and went from $ 0.246 to $ 0.261.
• The session is traded within a $ 0.019 band (7.6%)hits a low level of $ 0.245 and a high of $ 0.264.
• Breakout -Momentum developed between 22: 00-100: 00, as DOGE cleared $ 0.253 resistance to volume of over 1.1 billion.
• The last 60 minutes showed volatility with a withdrawal from $ 0.264 to $ 0.261 (-0.76%)But support held nearly $ 0.260 after repeated tests.
Technical analysis
• Support levels: Firmbase of $ 0.245- $ 0.246; Renewed Support Observed for $ 0.260 during retacings with late session.
• Resistance zones: First rejection of $ 0.264 Intraday, with wider targets identified at $ 0.29 and $ 0.50.
• Volume profile: Breakout -volume surpassed 1.1 billion, almost triple average levels, indicating institutional currents in front of ETF debut.
• Momentum signals: Pennant Breakout confirmed by higher low and expanding volume; Late dip reads as corrective rather than trend turning.
Which dealers are looking at
• Can Dog Maintain Shutter Over $ 0.26 and Build against $ 0.29 Resistance Zone?
• ETF launch on September 12 and about secondary currents from brokers/institutional desks accelerate the volatility.
• Humor position after 280 million DOGE accumulated in the last week.
• Settings activity about $ 0.30 strikes that could get gamma volatility to outlet.
