Dogecoin was unable to maintain over $ 0.26 and triggered heavy institutional profits that withdrawn price back against $ 0.25.
Despite the short-term retreat, streams on the chain show great proprietors adding 30 m-tokens (about $ 8m), suggesting that accumulation remains intact even when resistance caps upside down.
News Background
DOGE traded with 6% between $ 0.24 and $ 0.26 in the 24 hours to 9 October. The token gathered at $ 0.26 during the afternoon session, but met a strong institutional sales pressure. Whale addresses added more than 30 m DOGE that reinforces the long -term placement despite the shortness of the short term. Analysts highlighted parallels with previous historical cycles, where key resistance breaks have unlocked exponential upside, with $ 0.41 marked as a critical prolonged trigger.
Summary of Price Action
- DOGE spiking from $ 0.25 to $ 0.26 around 17:00 on 750 m revenue – twice as much as the daily average.
- Heavy profit of $ 0.26 reverse winnings and withdrew the price back to $ 0.25 after session close.
- Late trade experienced a collapse of under $ 0.25 when the liquidation streams hit, with a 14.6 m wave at. 02:01, which confirms the distribution.
- DOGE closed with $ 0.25, down ~ 2% from intraday heights.
Technical analysis
The resistance is reinforced to $ 0.26 after repeated refusal of elevated volume. Support for $ 0.25 failed late at the session during liquidation streams, raising the risk of downward downward risk. Accumulation patterns – with 30 m DOGE Added by large wallets – point to institutional confidence in the wider structure. A sustained recycling of $ 0.26 would open the path against $ 0.27- $ 0.30, while $ 0.24 is now in the short term the floor to look at.
Which dealers are looking at?
- Whether DOGE can quickly regain $ 0.25 support after the liquidation rinse.
- If whale collection continues to offset the distribution by resistance.
- A clean breakthrough of $ 0.26 to restore momentum.
- Long-term trip: $ 0.41 Resistance, tied to historical breakout cycles.
