News Background Dogecoin traded through a volatile 24-hour session from Sept. 1 at 03:00 to Sept. 2 at 02:00, in line with broader crypto choppiness as markets absorbed macro headlines on trade policy and Fed signaling. Institutional desks remain active in memecoins, with 809M DOGE traded at the 07:00 rally and 806M DOGE during the 20:00 pullback , far above normal averages. Analysts suggest CFOs and corporate treasuries are probing allocations into liquid digital assets like DOGE as diversification against traditional hedging strategies. Macro backdrop: G7 trade tensions, U.S. inflation monitoring, and central bank policy divergence continue to elevate volatility across both equities and digital assets. Price Action Summary DOGE traded in a $0.01 (≈6%) range between $0.21 and $0.22. At 07:00 GMT, DOGE advanced from $0.21 to $0.22 on 808.9M turnover , establishing resistance at $0.22. Profit-taking followed through midday, with additional selling pressure hitting at 20:00 GMT as price slipped back to $0.21 on 806M turnover , reinforcing the floor. The session closed at $0.21, indicating consolidation between tested support and entrenched resistance. Technical Analysis Support : $0.21 confirmed as structural floor after multiple high-volume defenses. Resistance : $0.22 remains the immediate ceiling; breakout requires decisive close above $0.225. Momentum : RSI steady near 50, showing neutral trend with potential for directional break. MACD : Histogram compression continues, suggesting buildup for momentum shift. Patterns : Range-bound consolidation forming; upside target $0.25–$0.30 if $0.22 breaks, downside risk to $0.20 if $0.21 fails. Volume : Institutional-scale flows (>800M twice in one session) underscore large-holder participation shaping price action. What Traders Are Watching Whether $0.21 continues to hold under persistent selling. Break above $0.225 as the trigger for a rally toward $0.25. Futures open interest trends and whale wallet movements post-rally. Macro catalysts (Fed remarks, trade negotiations) as volatility drivers across crypto majors and memecoins.
