4 hours ago
Dogecoin surged astir 6% to $0.261 successful the past 24 hours arsenic traders positioned for the scheduled debut of the archetypal U.S. Dogecoin ETF connected September 12. Anticipation of the “DOJE” product, coupled with whale accumulation exceeding 280 cardinal DOGE, fueled dense late-session flows with measurement topping 1.1 billion. Analysts present absorption connected whether the token tin prolong closes supra $0.26 and physique toward the $0.29–$0.30 absorption zone.
News Background
• The archetypal U.S. Dogecoin ETF (ticker: DOJE) is scheduled to statesman trading connected September 12, representing the archetypal exchange-traded merchandise linked to a memecoin.
• Large holders accumulated much than 280 cardinal DOGE successful the days starring up to the listing, signaling increasing organization participation.
• Market technicians item a bullish pennant breakout connected hourly charts, with upside targets extending to $0.28–$0.50 if momentum continues.
Price Action Summary
• DOGE gained 5.8% during the 24-hour play from September 11 astatine 03:00 to September 12 astatine 02:00, advancing from $0.246 to $0.261.
• The league traded wrong a $0.019 set (7.6%), hitting a debased of $0.245 and a precocious of $0.264.
• Breakout momentum developed betwixt 22:00–00:00, erstwhile DOGE cleared $0.253 absorption connected measurement exceeding 1.1 billion.
• The last 60 minutes showed volatility, with a pullback from $0.264 to $0.261 (-0.76%), but enactment held adjacent $0.260 aft repeated tests.
Technical Analysis
• Support Levels: Firm basal astatine $0.245–$0.246; renewed enactment observed astatine $0.260 during late-session retracements.
• Resistance Zones: First rejection astatine $0.264 intraday, with broader targets identified astatine $0.29 and $0.50.
• Volume Profile: Breakout measurement surpassed 1.1 billion, astir triple mean levels, indicating organization flows up of ETF debut.
• Momentum Signals: Pennant breakout confirmed by higher lows and expanding volume; precocious dip reads arsenic corrective alternatively than inclination reversal.
What Traders Are Watching
• Can DOGE prolong closes supra $0.26 and physique toward the $0.29 absorption zone?
• ETF motorboat connected September 12 and whether secondary flows from brokers/institutional desks accelerate volatility.
• Whale positioning aft 280 cardinal DOGE accumulated successful the past week.
• Options enactment astir $0.30 strikes that could thrust gamma volatility into expiries.
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