Dogecoin jumped almost 6% to $ 0.261 in the last 24 hours while merchants positioned themselves for the planned beginnings of the first American ETF of Dogecoin on September 12. The anticipation of the “doje” product, associated with an accumulation of whales greater than 280 million DOGE, the heavy flows supplied late with a volume of 1.1 billion. Analysts are now focusing on the question of whether the token can keep closing over $ 0.26 and relying to the resistance zone from 0.29 to 0.30 $.
New context
• The first American ETF of Dogecoin (Ticker: Doje) should start trading on September 12, representing the first product negotiated on the stock market linked to a same.
• Large holders accumulated more than 280 million DOGE in the days preceding the list, reporting an increasing institutional participation.
• Market technicians highlight a bullish escape of pennants on hourly cards, with upward goals extending to $ 0.28 to $ 0.50 if the momentum continues.
Summary of price action
• DOGE won 5.8% during the period 24 hours a day, September 11 at 03:00 a.m. to September 12 at 2:00 a.m., from $ 0.246 to $ 0.261.
• The session was negotiated in a band of $ 0.019 (7.6%)Affecting a minimum of $ 0.245 and a summit of $ 0.264.
• Rupture momentum developed between 22: 00 and 00: 00, when DOGE gave a resistance of $ 0.253 over a volume greater than 1.1 billion.
• The last 60 minutes have shown volatility, with a withdrawal from $ 0.264 to $ 0.261 (-0.76%)But support maintained almost $ 0.260 after repeated tests.
Technical analysis
• Support levels: Base of the company at $ 0.245 at $ 0.246; Renewed support observed at $ 0.260 during retirements at the end of the session.
• Resistance zones: First rejection at $ 0.264 intraday, with wider targets identified at $ 0.29 and $ 0.50.
• Volume profile: The escape volume exceeded 1.1 billion, almost triple average levels, indicating institutional flows before the beginnings of the ETF.
• Momentum signals: Pennant breakout confirmed by higher stockings and an expanding volume; The late DIP can be read as a corrective inversion rather than a trend.
What traders look at
• Can we rank above $ 0.26 and rely on the resistance zone of $ 0.29?
• Launch of the ETF on September 12 and if the secondary flows of brokers / institutional offices accelerate volatility.
• Whale positioning after 280 million Doge accumulated last week.
• Options Activity approximately $ 0.30 The strikes that could cause expiration gamma volatility.
