Dogecoin (DOGE) saw sharp two-way action over the Sept. 1–2 session, rallying to $0.22 before profit-taking and late-session selling returned the price to $0.21 support.
Institutional desks were active, with more than 800 million DOGE traded both during the 07:00 GMT rally and the 20:00 GMT pullback—far above typical session volumes. Analysts note that CFOs and corporate treasuries are exploring allocations into liquid tokens like DOGE as part of broader diversification strategies.
The price action defined a $0.21–$0.22 consolidation zone. Technicals confirm $0.21 as a structural floor, while $0.22–$0.225 remains the ceiling. Momentum indicators are neutral, with RSI near 50 and MACD compressed, suggesting a buildup for a breakout.
Traders are monitoring whale flows, futures positioning, and macro catalysts—including Fed commentary and trade negotiations—as potential drivers of the next move. A close above $0.225 could target $0.25–$0.30, while a breach below $0.21 risks retesting $0.20.
