DOGE/BTC Triangle Breakout Points to Potential Rally if $0.22 Resistance is Overcome

Dogecoin (DOGE) rebounded from midday selling, closing 1% higher at $0.213 after a 4% intraday swing. Trading volume rose roughly 21% above weekly averages, highlighting strong market participation driven by whale accumulation and optimism around a potential ETF.

Speculation around a DOGE ETF approval and expected Federal Reserve rate cuts continues to influence price action. Polymarket odds for DOGE ETF approval surged to 71% from 51% ahead of October deadlines, reflecting heightened bullish sentiment.

Price Action: DOGE opened near $0.211, dipped to $0.207 during a midday selloff with 811M tokens traded, then recovered to $0.215 by 21:00 GMT on 949M tokens. Late-session buying pushed DOGE to $0.22 on 21M tokens, signaling sustained demand.

Macro expectations, including up to four Fed rate cuts by year-end, are supporting risk-on flows in crypto, benefiting DOGE alongside other altcoins.