Dogecoin (DOGE) experienced renewed intraday volatility on Sept. 3, trading within a $0.207–$0.215 range before closing at $0.213, a 1% gain for the session. High-frequency traders and institutional whales fueled the rebound, with total volume reaching 949 million tokens—21% above the weekly average. The price action coincided with renewed speculation over potential exchange-traded fund approvals and expectations for multiple Federal Reserve rate cuts by year-end.
Intraday Price Dynamics
The session opened near $0.211 UTC, followed by a midday sell-off that drove the price to $0.207. Swift dip-buying activity emerged around 13:00 GMT, lifting DOGE back to $0.215, accompanied by sizable stablecoin inflows. Final‐hour activity showcased an abrupt 2% pop from $0.21 to $0.22 on 21 million tokens, indicating late-session accumulation and market depth resilience.
Technical Pattern and Momentum
A descending triangle formation on DOGE/BTC pairs, identified by CryptoKaleo’s charting models, has been breached to the upside. Key support at $0.207–$0.210 held firm, while near-term resistance now resides at $0.215–$0.220. Short-term momentum oscillators, including RSI and MACD, have shifted positive, signaling momentum continuation if the $0.22 threshold sustains.
Near-Term Outlook and Risks
Traders are monitoring a confirmed breakout above $0.22 to target a potential rally toward $0.25–$0.30. A failure to maintain above $0.21 could reopen downside toward $0.20. Macroeconomic catalysts such as Fed policy announcements and ETF approval timelines remain critical. Whale behavior and on-chain volume metrics will guide bias, with institutional accumulation potentially supporting further upside.
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