3 hours ago
Dogecoin ripped astir 9% higher, breaking done absorption connected much than a cardinal tokens traded. Support reset to $0.242 aft an aboriginal breakout, portion late-session flows pushed DOGE into the $0.254 portion earlier consolidation.
Traders pointed to SHIB’s parallel 6% rally — underpinned by grounds trillion-token turnover and speech balances astatine two-year lows — arsenic further grounds of organization accumulation crossed meme-coins.
News Background
DOGE precocious 8.8% implicit the 24 hours from Oct. 1, 03:00 to Oct. 2, 02:00, climbing from $0.23 to $0.25. The determination was fueled by speculation astir U.S. ETF approvals and assertive organization positioning.
SHIB besides surged 6.2% successful the aforesaid window, with speech reserves dropping to multi-year lows, underscoring a simplification successful disposable proviso arsenic meme-coins gained broader bid interest.
Price Action Summary
- DOGE traded a $0.02 corridor, marking 9.3% volatility.
- Breakout astatine 08:00 drove terms from $0.234 to $0.242 connected 1.03B tokens — 4x the average.
- Intraday highs stretched to $0.249 and $0.253 earlier sellers capped astatine $0.254.
- Final hr saw DOGE ascent from $0.248 to $0.254 connected back-to-back 40M+ surges, settling adjacent $0.252.
Technical Analysis
Support has shifted to $0.242 pursuing the breakout, with absorption hardened astatine $0.254–$0.255. The league carved an ascending triangle, validated by higher lows and sustained turnover.
Technical desks noted Golden Cross signals crossed majors, reinforcing bullish momentum. Analysts flagged a decisive interruption supra $0.255 arsenic opening a way toward $0.32 — with ETF-driven flows providing the catalyst.
What Traders Are Watching?
- Whether DOGE tin flip $0.25 into steadfast enactment and propulsion toward $0.32.
- If ETF speculation continues to underpin some DOGE and SHIB into October deadlines.
- SHIB’s speech proviso compression — astatine two-year lows — arsenic a imaginable tailwind for meme-coin rotation.
- CD20 scale absorption aft some DOGE (+9%) and SHIB (+6%) posted outsized moves connected dense turnover.
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