“Technical Desks Noted Golden Cross Signals Across Majors, Reinforcing Bullish Momentum. Analysts Flagged a Decisive Break Above $ 0.255 as Opening a Path Town $ 0.32.”, – WRITE: www.coindesk.com
Traders pointed to SHIB’s parallel 6% rally — underpinned by record trillion-token turnover and exchange balances at two-year lows — as further evidence of institutional accumulation across meme-coins.
News Background
SHIB ALSO SURGED 6.2% in the Same Window, with Exchange Reserves Droping to Multi-Year Lows, UndersCoring A Reduction in AVAILBLE SUPPLY SUPPLY as Meme-Coins Gained Broader Bid Inter.
Price Action Summary
- Doge Traded A $ 0.02 Corridor, Marking 9.3% Volatility.
- Breakout at 08:00 Drove Price from $ 0.234 to $ 0.242 On 1.03b TKENS – 4X The AVERAGE.
- Intrady Highs Stretched to $ 0.249 and $ 0.253 Before Selers Capped AT $ 0.254.
- Final Hour Saw Doge Climb from $ 0.248 to $ 0.254 on Back-To-Back 40m+ Surges, Setting Near $ 0.252.
Technical Analysis
Technical Desks Noted Golden Cross Signals Across Majors, Reinforcing Bullish Momentum. Analysts Flagged a Decisive Break Above $ 0.255 as Opening A Path Town $ 0.32-with etf-Driven Flows Providing the Catalyst.
What Traders Are Watching?
- WHETHER DOGE CAN FLIP $ 0.25 INTO FIRM SUPPORT AND PUSH TOWARD $ 0.32.
- If etf speculation Continues to Underpin Both Doge and Shib Into October Deadlines.
- Shib’s Exchange Supple Squeeze-At Two-Year Lows-As a Potential Tailwind for Meme-Coin Rotation.
- CD20 Index Reaction After Both Doge (+9%) and SHIB (+6%) Posted Outsized Moves on Heavy Turnover.
Combined Spot and Derivatives Trading on Centralized Exchanges Surged 7.58% to $ 9.72 Trillion in August, Marking The Highest Monthly Volume of 2025
- Combined Spot and Derivatives Trading on Centralized Exchanges Surged 7.58% to $ 9.72 Trillion in August, Marking The Highest Monthly Volume of 2025
- Gate Exchange Emerged As Major Player With 98.9% Volume Surge to $ 746 Billion, Overtaking Bitget to Become Fourth-Largest Platform
- Open Interest Across Centralized Derivatives Exchanges Rose 4.92% to $ 187 Billion
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Shutdowns that delay Data and Weaken Fiscal Visability Often Encouroge Central Banks to Act More Cautiously, While Rising YIELDS IN JAPAN HINT AT POLYFTS RIPLE. Markets.
- Despite A US Government Shutdown and Stress in Japan’s Bond Market, Digital Assets Remainned Resilgent, with Tradeers Anticipating LOOSER GLOBAL LIQUIDITY CONDITIONS.
- Crypto Markets are Showing Signs of Decoupling from Broader Macroconomic Caution, As Expectations Grow for Policymakers to Ease Financial Conditions.
- Bitcoin and Other Cryptocurrencies Experienced Gains, Contribution to A Rise in the Market Capitalization of Digital Assets to Over $ 2.37 Trillion.
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