🚀 $DOGE seeks confirmation on $0.27 after rally +52% in Q3
📊 Current price and clear technical structure
Dogecoin is trading at $0.2598, consolidating after reaching intraday highs of $0.2744. The price formed a breakout from a double bottom pattern, with a daily RSI of 71.4, within the overbought zone but still with momentum.
⚙️ Key factors
Daily volume tripled (~2.01B DOGE); institutions accumulated 1.08B DOGE (~$250M) in 48 hours.
Open Interest in derivatives climbs to $2.83B, a sign of strong leverage.
Rumors of a DOGE ETF with an 80% probability propel the narrative.
Bit Origin allocated $500M to DOGE in corporate treasury.
🔧 Technical level of the day
📌 Key support: $0.26
📌 Immediate resistance: $0.274–$0.277
🎯 Critical zone: daily close > $0.277 would confirm extension towards $0.30–$0.315.
🌐 Institutional outlook / macro view
$DOGE is reconfiguring: transitioning from memecoin to institutional asset with corporate backing, whale accumulation, and high derivative flows. The potential approval of a spot ETF and the narrative of a liquid asset for public treasuries increase its appeal.
However, the high RSI and concentration of whales make a pullback possible if the $0.26 level does not hold.
Would you join if DOGE breaks $0.277 and heads to $0.30+ this week? 🐶
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