Dogecoin swung violently over the past 24 hours, with whales and institutional desks that entered heavy quantities near $ 0.234 support. The Memecoin advanced 2% in the last hour to recover from steep intraday sales, although resistance to $ 0.244 remains firm.
Summary of Price Action
• DOGE traded between $ 0.231 and $ 0.244 from September 8 at. 04:00 to 9 September at. 03:00, an interval of 5.7%.
• Early momentum transported price to a top of $ 0.244, but heavy profits turned gains at session close to $ 0.236.
• Volumes spiked at DKK 463.5 million. Tokens under rejection of $ 0.244, showing strong institutional sales.
• Support of late session arose between $ 0.234- $ 0.237, with $ 687.9 million. Tokens exchanged, which suggested accumulation.
• The last hour recovery lifted DODE from $ 0.234 to $ 0.237 (+1.3%) As a volume was an average of 6.2 m per day. Minute.
Technical analysis
• Support: $ 0.234- $ 0.237 zone confirmed by strongly shopping in the fall in late session.
• Resistance: $ 0.244 Level is rejected several times on large volume that closed upward momentum.
• Short -term momentum: Higher low lower over the last 20 minutes indicates fresh bullish bias.
• Key Signal: Break over $ 0.244 could target $ 0.250, while error risks gene test of $ 0.231 base.
News Background
• Future’s data shows increased open interest in DODE -Contracts such as institutions hedge spot exposure.
• Market participants expect US legislative progress with crypto -Tfs and keeps DOGE in speculative currents.
• Wider volatility comes from fat -policy expectations and global merchant stresses affecting risk assets.
Which dealers are looking at
• Whether DODE can maintain closes over $ 0.240 and turning $ 0.244 to support the path opens against $ 0.250.
• How Fed’s September 17 Decision decision affects risk appetite and liquidity conditions across crypto.
• The whale’s wallet current, with institutional desks observed accumulated during dipped session.
• Progress with us DODE-RELATED ETF archives, and about regulators signalize clearer guidance on Meme coin products.
