“Analysts are watching if doge can Maintain Closes Above $ 0.26 and Approach the $ 0.29 Resistance Zone.”, – WRITE: www.coindesk.com
News Background• The First US Dogecoin Etf (Ticker: Doje) is screduled to begining trading on September 12, Representing the First Exchange-Traded Product Linked to A Meecoin.
• Large Holders Acumulated More than 280 Million Doge in the Days Leading Up to the Listing, Signling Growing Institutional Participation.
• Market Technicians Highlight A Bullish Pennant Breakout on Hourly Charts, with Upside Targets Extending to $ 0.28– $ 0.50 IF Momentum Continues.
Price Action Summary• Doge Gained 5.8% Durying The 24-Hour Period from September 11 at 03:00 to September 12 at 02:00, Advance from $ 0.246 to $ 0.261.
• The Session Traded Within A $ 0.019 Band (7.6%), Hitting A Low of $ 0.245 and A High of $ 0.264.
• Breakout Momentum Developed Between 22: 00-00: 00, WHEN DOGE CLEARED $ 0.253 Resistance on Volume Exceeding 1.1 Billion.
• The Final 60 minutes showed volatility, with a Pullback from $ 0.264 to $ 0.261 (-0.76%), But Support Held Near $ 0.260 After Repeated Tests.
Technical Analysis• Support Levels: FIRM BASE AT $ 0.245– $ 0.246; Renewed Support Oserved at $ 0.260 Durying Late-Session Retracements.
• Resistance Zones: FIRST REJOCATION AT $ 0.264 Intrady, With Broader Targets Identified AT $ 0.29 and $ 0.50.
• Volume Profile: Breakout Volume Surpassed 1.1 Billion, Nearly Triple AVERAGE Levels, Indicating Institutional Flows Ahead of Etf Debut.
• Momentum Signals: Pennant Breakout ConfirMed by Higher Lows and Expanding Volume; Late Dip Reads As Corrective Racher Than Trend Reversal.
What Traders Are Watching• Can Doge Sustain Closes Above $ 0.26 and Build Toward the $ 0.29 Resistance Zone?
• ETF Launch on September 12 and Wheth Secondary Flows from Brokers/Institutional Desks Accelerate Volatility.
• Whale positioning after 280 Million Doge Accuumulated in the Past Week.
• Options Activity Armund $ 0.30 Strikes that Could Drive Gamma Volatility Into Expiries.
Wlfi Edges Higher on the Week As Holders Rally Behind A Denfactionary Strategy to Counter Post-Launch Weakness.
- World Liberty Financial’s Token, Wlfi, Remains Stable After A Community-Approved Plan to Use Liquidity Fees for A Buyback-and-Burn Mechanism.
- WLFi is Trading Near $ 0.20, with A Market Cap of $ 5.4 Billion and Daily Trading Volumes AROUND $ 480 Million.
- The Proposal to Burn Tokens Received Overwhelming Support, With 99.48% of Votes in Favor, Aiming to Create a Deflationary Model Similar to Ethereum.
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