Dogecoin Shows Resilience Amid Institutional Liquidation
- DOGE traded between $0.251 and $0.264 from October 2, posting a net gain of 2.7%.
- A selloff peaked at a volume of 666 million tokens, followed by a rebound phase with a volume of 414 million tokens.
- Key support is established at $0.251–$0.253, while resistance is noted at $0.262–$0.264.
- A late-session liquidation caused DOGE to slip from $0.261 to $0.260 on a spike of over 33 million tokens.
- Technical analysis indicates an ascending megaphone pattern and hidden bullish divergence, suggesting potential upside remains.
The recent trading activity highlights the influence of institutional flows on Dogecoin, with significant liquidation impacting short-term price stability around the support level of $0.251–$0.253.
Despite the late-session selloff, DOGE’s ability to maintain above key support levels suggests ongoing interest among buyers, particularly as it navigates near the resistance zone of $0.262–$0.264.
