DOGE Trading Volume Surges to 949M Amid ETF Speculation and Price Swings
Key Points on DOGE Trading
- DOGE fluctuated 4% between $0.207 and $0.215 from Sept. 2 to Sept. 3.
- Trading volume reached 949M, 21% above weekly averages.
- Polymarket odds for DOGE ETF approval increased to 71%.
- Market anticipates four Fed rate cuts by year-end, starting September.
Price Movement Summary
- DOGE opened at $0.211, closed at $0.213, marking a 1% increase.
- A midday drop saw prices fall to $0.207 with 811M tokens traded.
- Recovery lifted DOGE to $0.215 backed by 949M tokens.
- Late-session buying interest caused a spike from $0.21 to $0.22 on 21M tokens.
Technical Analysis Overview
- Support levels at $0.207–$0.210 showed high-volume demand.
- Resistance capped between $0.215 and $0.220.
- Positive short-term momentum; RSI is rising but near neutral range.
- Descending triangle pattern on DOGE/BTC broke upward, indicating potential continuation if $0.22 is cleared.
- Volume surge confirms strong participation from both institutional and retail investors.
Trader Focus Areas
- A breakout above $0.22 could target the $0.25–$0.30 range.
- Monitoring the $0.21 support level; a breakdown may lead to a test of $0.20.
- ETF speculation and Fed policy are key near-term catalysts.
- Whale accumulation during consolidation may indicate bullish sentiment.
