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Investors are 'cautiously optimistic,' waiting for the next big catalyst, BTC Markets Analyst Rachael Lucas said.
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Dogecoin endured a sharp overnight selloff, sliding from $0.27 to $0.25 during the September 21–22 session, as institutional traders offloaded positions on record volumes exceeding 2.15 billion tokens. The midnight rout carved through support levels and established fresh resistance zones, leaving DOGE consolidating around $0.25 as traders monitor for recovery or continuation lower. NEWS BACKGROUND • DOGE fell 7% over the 24-hour period ending September 22 at 02:00, retreating from $0.27 to $0.25. • Midnight trading saw a collapse from $0.26 to $0.25 on record 2.15 billion volume, dwarfing the 24-hour average of 344.8 million. • Analysts flagged a “1-2 pattern” formation that has historically preceded DOGE breakouts above $0.28–$0.30. PRICE ACTION SUMMARY • DOGE’s range spanned $0.02 (≈8%) between a $0.27 high and $0.25 low. • Resistance solidified near $0.27 following repeated rejections. • Institutional support emerged around $0.25, with recovery attempts keeping DOGE anchored above this level. • In the final hour (01:14–02:13), DOGE bounced within a narrow $0.25–$0.25 channel, showing accumulation patterns with spikes at 01:25 and 02:03. TECHNICAL ANALYSIS • Record 2.15B tokens traded during the…
Tokyo-listed Metaplanet bought 5,419 BTC in a $633 million deal, vaulting into the top five public holders as it advances toward its goals.