Dogecoin has changed through a fork of 5% before disappearing late, the institutional liquidation flows breaking the support of the closing session. A defended floor of $ 0.251 and a rebound to $ 0.264 showed resilience, but a net sale of 33 m in volume at 03:55 perforated the momentum and the left price consolidating almost $ 0.261.
New context
DOGE exchanged between $ 0.251 and $ 0.264 from October 2, 04:00 to October 3 03:00 am, displaying a net gain of 2.7% after sailing both the intra -day and recovery phases. Analysts underlined the institutional offices as a dominant flow driver, SBI and ETF speculation keeping an intact wider submission interest. Technical specialists have highlighted an emerging ascending megaphone model and a hidden upward divergence, which suggests that potential remains despite short -term sales pressure.
Summary of price action
- DOGE dropped at $ 0.251 at 2:00 p.m. before bouncing at $ 0.264 at 9:00 p.m.
- The sales volumes culminated in chips of 666 m during the slowdown; The rebound phase attracted 414 m.
- Support formed from $ 0.251 to $ 0.253, while the resistance consolidates $ 0.262 to $ 0.264.
- During the last hour, DOGE went from $ 0.261 to $ 0.260 on a point of 33.1 million institutional liquidation.
Technical analysis
The key support remains anchored at $ 0.251 at $ 0.253, where buyers intervened on several occasions. The resistance is firm at $ 0.262 to $ 0.264, with rejection rebounds of the rejection pressure. The structure shows both resilience and fragility: the liquidation impressions at the end of the session have broken out a short -term support, but wider models – including an ascending megaphone and a bullish divergence on momentum indicators – suggest a potential continuation to $ 0.34 if buyers reaffirm above $ 0.262.
Which traders are looking at?
- If Doge can stabilize above $ 0.260 after the liquidation at the end of the session.
- A retain from $ 0.251 to $ 0.253 in support if the sale persists in American hours.
- Confirmation of the upward divergence and configurations of megaphone break, with upward targets around $ 0.34.
- ETF speculation flows that could relying memes offers through Doge and Shib.
