DOGE Defends $0.24 Support in Choppy Market Conditions

DOGE Maintains $0.24 Support as Volatility Drives Heavy Trading

Dogecoin (DOGE) held steady above $0.24 in a choppy 24-hour session, as trading volumes topped 500 million and resistance consolidated near $0.244. Amid cautious market sentiment, DOGE showed resilience with sustained liquidity inflows.

Price Action Highlights
Between September 23 at 03:00 and September 24 at 02:00, DOGE traded in a tight $0.236–$0.244 range. Early attempts to push higher around 06:00 and 16:00 hit resistance at $0.244 and faced profit-taking pressure.

• Token fluctuated in a $0.008 range, representing 3.28% of its intraday movement.
• In the final hour (01:11–02:10), DOGE climbed from $0.239 to $0.241 before settling at $0.240.
• Net gain of 1.37% for the session reflects strong defensive buying despite volatility.

Technical Overview

• Support: $0.236–$0.240 acted as a reliable floor.
• Resistance: $0.241–$0.244 continues to cap upside moves.
• Volume: Early-session volume exceeded 500M DOGE; closing-hour spike of 7M reinforced support.
• Pattern: Narrow consolidation hints at potential breakout, pending a move above $0.244.

Traders’ Focus

• Confirming a break above $0.244 to validate bullish continuation.
• Watching $0.236–$0.240 for signs of accumulation versus selling pressure.
• Monitoring if volume surges repeat in coming sessions.
• Evaluating overall memecoin sentiment amid regulatory developments.