Dogecoin bounced sharply in early Sunday trade, recovering from Saturday’s slide to claim the $ 0.26 handle.
The highest movement occurred after a mid -session flushout led the price to $ 0.248 in a heavy volume, eliminating the weak long before buyers intervened.
Doge is now consolidating just above $ 0.26 with merchants looking at the $ 0.30 – $ 0.33 area as the following resistance group.
News history
• Doge has been quoting within a wide band of $ 0.24– $ 0.27 until September, since ETF presentations and institutional mining investments build long -term narrations.
• Reports show 2 billion duxes accumulated by large holders in the last 72 hours, according to historical patterns prior to rupture.
• Wider cryptographic markets are stabilizing after the $ 1.7 billion of liquidations last week, with Dux drawing tickets as merchants turn again in high beta tokens.
Summary of the price action
• Doge fell from $ 0.254 to $ 0.248 during the sale of the session in the middle of Saturday’s session, establishing strong support at $ 0.247– $ 0.249.
• The volume increased to 485.6m during capitulation, confirming institutional participation.
• The Token recovered in an ascending channel formation, closing about $ 0.252.
• For early Sunday, Dege had recovered $ 0.26, with consolidation now evident above the level.
• Merchants mark $ 0.30 as the next resistance test, with $ 0.33– $ 0.40 as rupture objectives.
Technical analysis
• Support: solid base around $ 0.247– $ 0.249 after heavy volume rebound.
• Resistance: short -term at $ 0.265, wider ups $ 0.30– $ 0.33.
• Volume: The peaks at 15:00 (485.6m) and during the demonstrations of the late session (> 17m in minutes) confirm institutional flows.
• Trend: Ascending channel structure that is formed from $ 0.248 channel.
• Moment: Final progress of 60 minutes from $ 0.251 to $ 0.252 (+0.5%) pointed out the continuous offer at the closing of the session.
What merchants are seeing
• If Doge can keep closed above $ 0.26 to confirm the base construction.
• ETF feelings pending the SD: a possible short -term catalyst for institutional adoption.
• The whale flows after the accumulation of Dux 2b for 72 hours.
• Breaking potential for $ 0.30– $ 0.40 If the impulse accelerates.
