“Meme Token Holds Above $ 0.24 Support As Volume Spikes Past 500m While Resistance Consolidates Near $ 0.2.”, – WRITE: www.coindesk.com
News BackgroundDoge$ 0.2373 Consolidated in a Tight Band Durying the 24-Hour Window from September 23 at 03:00 to September 24 at 02:00, Trading Between $ 0.236 and $ 0.244. Early Rallies at 06:00 and 16:00 TESTED THE TOP $ 0.244 Mark, But Repeated Profit-Taking Capped Upside Momentum.
Price Action Summary
• Doge fluctuated in a $ 0.008 Range, Equal to 3.28% of Its Trading Spectrum.
• Early session Highs TESTED $ 0.244 But Met with Sustaned Selling Pressure.
• Final Session Hour (01: 11–02: 10) SAW DO DOGE ADVANCE FROM $ 0.239 to $ 0.241 Before Consolidating AT $ 0.240.
• Net Session Gain of 1.37% from $ 0.237 Open to $ 0.240 Close Underscores Defensive Bid Despite Valativity.
Technical Analysis
• Support: Strong Base ForMed AT $ 0.236– $ 0.240 Zone with Buyers Stepping in On Dips.
• Resistance: $ 0.241– $ 0.244 REMAINS FIRM CEILING AFTER Multiple Rejects.
• Volume: Over 500m Doge Transacted During Early Rallies; Closing Hour Spike Above 7m Highlighted Bullish Defense.
• Pattern: Narrow Consolidation Suggests Potential Coiling for Breakout, Thought Resistance at $ 0.244 Must Clear for Continination.
What Traders Are Watching
• Break Above $ 0.244 Resistance to Validate Bullish Continusion.
• RETEST OF $ 0.236– $ 0.240 Support Band for SIGNS OF ACCUMULATION VERSUSSUSUSUSUSUS.
• Volume Sustainability-WHERE CLOSING-Hour Spikes Repeat in UpComing Sessions.
• Broader Memocoin Sentiment As Regulatory Developments Weight on Special Associations.
The Talks of the Deals Are In Early Stages and Prospective Investors Have Been Given Access to A Data Room Over The Past Few Weeks, Bloomberg Reported.
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