Dogecoin swung thru a 5% differ sooner than fading slow, with institutional liquidation flows breaking toughen in the closing session. A defended $0.251 flooring and rebound in opposition to $0.264 confirmed resilience, nonetheless a energetic 33M-volume selloff at 03:55 punctured momentum and left label consolidating reach $0.261.
Info Background
DOGE traded between $0.251 and $0.264 from Oct. 2, 04:00 to Oct. 3, 03:00, posting a 2.7% fetch personal after navigating each and every intraday correction and recovery phases. Analysts pointed to institutional desks because the dominant float driver, with SBI and ETF hypothesis holding broader narrate hobby intact. Technical specialists highlighted an rising ascending megaphone sample and hidden bullish divergence, suggesting likely upside remains no matter non everlasting promote pressure.
Mark Action Abstract
- DOGE dipped to $0.251 at 14:00 sooner than rebounding to $0.264 by 21:00.
- Selloff volumes peaked at 666M tokens all the blueprint thru the downturn; the rebound section drew 414M.
- Toughen fashioned at $0.251–$0.253, whereas resistance consolidated at $0.262–$0.264.
- In the final hour, DOGE slipped from $0.261 to $0.260 on a 33.1M spike, signaling institutional liquidation.
Technical Diagnosis
Key toughen remains anchored at $0.251–$0.253, where investors consistently stepped in. Resistance is firm at $0.262–$0.264, with rejection pressure capping rebounds. The construction reveals each and every resilience and fragility: slow-session liquidation prints broke non everlasting toughen, but broader patterns — collectively with an ascending megaphone and bullish divergence on momentum indicators — indicate likely continuation in opposition to $0.34 if investors reassert above $0.262.
What Merchants Are Watching?
- Whether or now not DOGE can stabilize above $0.260 after slow-session liquidation.
- A retest of $0.251–$0.253 toughen if promoting persists into U.S. hours.
- Confirmation of bullish divergence and megaphone breakout setups, with upside targets in opposition to $0.34.
- ETF hypothesis flows that would possibly maybe maybe per chance re-anchor meme-coin bids across DOGE and SHIB.
