Dogecoin tore almost 9% higher and underwent resistance to more than a billion tokens traded. Support reset to $ 0.242 after an early breakout while tendon session flows pushing DOGE into the $ 0.254 zone before consolidation.
Dealers pointed to Shib’s parallel 6%-Rally-supported by Record Trillion-token revenue and exchange balances at two-year low-lower-as-further evidence of institutional accumulation across meme coins.
News Background
DOGE Advanced 8.8% over 24 hours from October 1, 03:00 to 2 October, 02:00, climbing from $ 0.23 to $ 0.25. The move was driven by speculation around us ETF approvals and aggressive institutional positioning.
Shib also rose 6.2% in the same window where exchange reserves dropped to perennial low, emphasizing a reduction in available supply when Meme-Coins gained a wider bid.
Summary of Price Action
- DOGE traded a $ 0.02 corridor and marked 9.3% volatility.
- Breakout at. 08:00 ran price from $ 0.234 to $ 0.242 at 1.03b -Tokens – 4x average.
- Intraday -heights stretched to $ 0.249 and $ 0.253 before sellers closed to $ 0.254.
- Last hour then DODE Climbing from $ 0.248 to $ 0.254 on back-to-back 40m+ waves settling near $ 0.252.
Technical analysis
Support is switched to $ 0.242 after the outbreak, with resistance hardened to $ 0.254- $ 0.255. The session cut a rising triangle, validated with higher low and sustained turnover.
Technical desks noted Golden Cross Signals across Majors and amplify Bullish Momentum. Analysts marked a decisive break over $ 0.255 as opening a path against $ 0.32-with-the-driven currents that supplied the catalyst.
Which dealers are looking at?
- Whether DOGE can turn $ 0.25 for fixed support and push against $ 0.32.
- If ETF Speculations continues to support both DOGE and SHIB in October deadlines.
- Shib’s exchange of exchanges-by two-year-old low-as a potential headwind for meme-coin rotation.
- CD20 index reaction according to both DODE (+9%) and SHIB (+6%) placed large movements on heavy turnover.
