DOGE Trading Ideas: Anchored Above $0.251, Traders Watching $0.264 Break

Dogecoin experienced a fluctuation within a 5% range, settling near $0.261 after encountering institutional liquidation. Analysts are optimistic about potential upside movements, supported by an ascending megaphone pattern and bullish divergence. The price rebounded from a defended floor at $0.251 to approach resistance at $0.264, exhibiting resilience. However, a significant selloff during peak trading hours led to volatility, affecting overall momentum. The majority of trading was driven by institutional interest, particularly related to ETF speculation. Key support remains at $0.251–$0.253 while resistance consolidates at $0.262–$0.264. Traders are focusing on whether DOGE can stabilize above $0.260 and potentially retest key support levels. A breakthrough above $0.262 could trigger upward momentum towards $0.34, as traders anticipate further developments in ETF-related flows that may influence memecoin bids across the market.

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