“Early Momentum Carried Price to A $ 0.244 Peak, But Heavy Profit-Taking Reversed Gains by Session Close at $ 0.236.”, – WRITE: www.coindesk.com
Price Action Summary• Doge Traded Between $ 0.231 and $ 0.244 from September 8 at 04:00 to September 9 AT 03:00, A 5.7% Range.
• Early Momentum Carried Price to A $ 0.244 Peak, But Heavy Profit-Taking Reversed Gaves by SESSION CLOSE AT $ 0.236.
• Volumes Spiked to 463.5m Tokens Durying Reject at $ 0.244, Showing Strong Institutional Selling.
• LATE-SUPPORT EMERGED BETWEEN $ 0.234– $ 0.237, with 687.9m Tokens Excised, Suggesting Acumulation.
• Final Hour Recovery Lifted Doge from $ 0.234 to $ 0.237 (+1.3%) As Volume Average 6.2M per minute.
Technical Analysis• Support: $ 0.234– $ 0.237 Zone ConfirMed by Heavy Buying Into Late-Session Declines.
• Resistance: $ 0.244 Level Rejected Multiple Times on Large Volume, Capping Upside Momentum.
• Short-Term Momentum: Higher Lows Durying The Last 20 Minutes Indicate Fresh Bullish Bias.
• Key Signal: Break Above $ 0.244 Could Target $ 0.250, While Failure Risks Retst of $ 0.231 Base.
News Background• Futures Data Show Heighted Open Interest in Doge Contracts As Institutions Hedge Spot Exposure.
• Market Participants Anticipate US Regulatory Progress on Crypto Etfs, Keeping Dog in Special Flows.
• Broader Volatility Stems from Fed Policy Expectations and Global Trade Tensions Impacting Risk Assets.
What Traders Are Watching• WHERE DOGE CAN SUSTAIN CLOSES ABOVE $ 0.240 and Flip $ 0.244 Into Support, Opening Path Town $ 0.250.
• How Fed’s September 17 Rate Decision Impacts Risk Appetite and Liquidity Conditions Across Crypto.
• Whale Wallet Inflows, with Institutional Desks Observed Accuumulating Durying Late-Session Dips.
• Progress on US Doge-Related etf Filings and Wheth Regulators Signal Cleerer Guidance on Meme Coin Products.
Total Money Market Fund Assets Increated by $ 52.37 Billion to $ 7.26 Trillion for The Week Ended Sept. 3, accounting to the Investment Company Institute.
- US Money Market Funds Have Reached A Record High of Over $ 7 Trillion, Potentally Setting The Stage for Investments in Riskier Assets Like Cryptocurrencies.
- Analysts Suggest that upcoming Federal Reserve Rate Cuts Could Prompt Investors to Shift Funds from Money Market Accounts Into Equities and Cryptocurrencies.
- The Economic Environment Will Play A Crucial Role in Determining WHETHER INVESTORS CHOOSE TO REDEPLY FUNDS or MAINTAIN Their Money Market Holdings.
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