DOGE Holds Above $0.24 Amid Volatile Trading and Heavy Volume
Dogecoin (DOGE) maintained support near $0.24 during a turbulent 24-hour session, as trading volumes exceeded 500 million and resistance solidified near $0.244. Despite cautious broader crypto sentiment, DOGE attracted consistent liquidity, showing resilience.
Market Activity
From September 23 at 03:00 to September 24 at 02:00, DOGE traded within a $0.236–$0.244 range. Early rallies around 06:00 and 16:00 tested the upper boundary but were capped by profit-taking.
- The token moved within a narrow $0.008 range, about 3.28% of its trading spectrum.
- In the session’s final hour (01:11–02:10), DOGE rose from $0.239 to $0.241, closing at $0.240.
- Overall, DOGE gained 1.37% on the day, highlighting defensive buying despite choppy conditions.
Technical Overview
- Support: $0.236–$0.240 zone remains firm, absorbing dips.
- Resistance: $0.241–$0.244 continues to cap gains after repeated intraday rejections.
- Volume: Heavy early-session volume surpassed 500M, while closing-hour activity spiked above 7M, reinforcing support.
- Pattern: The narrow consolidation suggests a coiling structure, with a potential breakout if $0.244 resistance is breached.
Key Levels to Watch
- Sustained break above $0.244 to confirm bullish momentum.
- Retest of $0.236–$0.240 support for signs of accumulation.
- Repetition of closing-hour volume surges in upcoming sessions.
- Overall memecoin sentiment amid regulatory developments.
