DOGE Climbs 3% Over $0.26, $0.30 Resistance in Focus

Dogecoin Rebounds Above $0.26, Targeting $0.30–$0.40 on Strong Buying Activity

Dogecoin (DOGE) recovered above $0.26 in early Sunday trading, rebounding from Saturday’s dip to $0.248. The bounce followed a high-volume flushout that cleared weak long positions, prompting renewed buying from whales and bargain hunters. Analysts point to an ascending channel formation, with breakout potential toward $0.30–$0.40 if support holds.

Market Overview

Trading Range: DOGE remained in a $0.24–$0.27 band throughout September, supported by ETF filings and institutional mining investments that strengthen long-term bullish narratives.
Whale Accumulation: Reports show roughly 2 billion DOGE were acquired by large holders over the past 72 hours, mirroring historical pre-breakout patterns.
Broader Market Context: Crypto markets are stabilizing after $1.7 billion in derivatives liquidations, with DOGE attracting inflows as traders rotate back into high-beta tokens.

Price Action Highlights

DOGE dropped from $0.254 to $0.248 during Saturday’s mid-session selloff, finding support at $0.247–$0.249.
Volume surged to 485.6M, indicating strong institutional involvement.
The token rebounded into an ascending channel, closing near $0.252.
By early Sunday, DOGE reclaimed $0.26, consolidating above this level.
Traders are targeting $0.30 as the next resistance, with $0.33–$0.40 as potential breakout levels.

Technical Analysis

Support: $0.247–$0.249 reinforced by heavy-volume accumulation.
Resistance: Short-term at $0.265, broader targets at $0.30–$0.33.
Trend: Ascending channel structure from the $0.248 trough remains intact.
Volume & Momentum: Flushout followed by late-session rallies signals strong buying pressure. RSI and MACD indicate a neutral-to-bullish bias.

Trader Watchpoints