“Midnight Trading Saw A Collapsse from $ 0.26 to $ 0.25 On Record 2.15 Billion Volume, Dwarfing The 24-HOUR AVERAGE OF 344.8 Million.”, – WRITE: www.coindesk.com
The Midnight Rout Carved Through Support Levels and Established Fresh Resistance Zones, Leaving Doge Consolidating AROUND $ 0.25 As Traders Monitor for Recovery.
News Background
• Doge Fell 7% over the 24-HOUR PERIOD ENDING SEPTEMBER 22 AT 02:00, Retreating from $ 0.27 to $ 0.25.
• Midnight Trading Saw A Collapsse from $ 0.26 to $ 0.25 On Record 2.15 Billion Volume, Dwarfing The 24-HOUR AVERAGE OF 344.8 Million.
• Analysts Flagged a “1-2 Pattern” Formation that have been his historically preceded Doge Breakouts Above $ 0.28– $ 0.30.
Price Action Summary
• Doge’s Range Spanned $ 0.02 (≈8%) Between A $ 0.27 High and $ 0.25 Low.
• Resistance Solidified Near $ 0.27 Following Repeated Rejects.
• Institutional Support Emerged Armund $ 0.25, with Recovery Attempts Keeping Doge Anchored Above this Level.
• In the Final Hour (01: 14–02: 13), Doge Bounced Within A Narrow $ 0.25– $ 0.25 Channel, Showing Accuumulation Patterns with Spikes at 01:25 and 02:03.
Technical Analysis
• Record 2.15b Tokens Traded Durying the Midnight Dump Confirms Heavy Institute Activity.
• Support ConfirMed AT $ 0.25; Failure Here Risks Extending Decline Toward $ 0.23.
• Key Resistance Sits at $ 0.27, with Next Upside Tests at $ 0.28– $ 0.30 Should Buying Resume.
• Volume Spikes Durying Recovery Attemps Highlight Potential Bottoming Interest.
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What Traders Are Watching
• WHETHER $ 0.25 Can Hold as Durable Support After Record Liquidation Flows.
• Institutional Positioning AUOUND The $ 0.28– $ 0.30 Resistance Band IF Recovery GAINS TRACTION.
• Follow-throgh volumes in upcomING SESSIONS TO CONFIRM WHATHER ACCUMULATION OF FURTHER DISTRIBUTION DOMINATES.
• Broader Sentiment Impact from Etf Delays and Ongoing Regulatory Uncertain.
Company Overtakes Bullish with $ 632 Million Purchase As Both Metaplanet and Capital B Shares Trade Lower.
- Metaplanet Becomes the Fiftth Largest Corporate Bitcoin Holder
- Metaplanet Adds 5.419 BTC in $ 632 Million Purchase, Taking ITS Total Holdings to 25.555 BTC.
- Capital B Acquired 551 BTC, Bringing ITS Total Reserves to 2,800 BTC.
- Shares of Both FIRMS Continue to Struggle, Trading Well Bell Below Historic Peaks
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