Dogecoin Consolidates Above $0.251, Traders Await Break Above $0.264

DOGE Holds Near $0.261 as ETF Speculation Supports Meme-Coin Activity

Dogecoin (DOGE) traded in a 5% intraday range before slipping late, with institutional liquidation briefly breaking short-term support. The $0.251 floor held, enabling a rebound toward $0.264, though a 33M-volume selloff at 03:55 UTC left DOGE consolidating near $0.261.

Market Overview

From Oct. 2, 04:00 UTC, to Oct. 3, 03:00 UTC, DOGE ranged between $0.251 and $0.264, closing with a 2.7% net gain. Analysts noted that institutional desks dominated flows, while SBI activity and ETF-related speculation maintained broader buying interest. Technical indicators—including an emerging ascending megaphone pattern and hidden bullish divergence—point to upside potential despite short-term selling pressure.

Price Action Summary

• DOGE dropped to $0.251 at 14:00 UTC, rebounding to $0.264 by 21:00 UTC.
• Selloff volumes peaked at 666M tokens, while the rebound drew 414M tokens.
• Support formed at $0.251–$0.253, resistance consolidated at $0.262–$0.264.
• Late-session liquidations pushed DOGE from $0.261 to $0.260 on 33.1M volume.

Technical Analysis

Support at $0.251–$0.253 has repeatedly held, while resistance at $0.262–$0.264 capped rebounds. Despite short-term fragility from late-session liquidations, broader technical patterns—including the ascending megaphone and bullish divergence—suggest a potential continuation toward $0.34 if DOGE reclaims levels above $0.262.

Trader Watchpoints

• Stabilization above $0.260 after late-session selling.
• Retest of $0.251–$0.253 if downward pressure continues into U.S. hours.
• Confirmation of megaphone breakout and bullish divergence could signal upside toward $0.34.
• ETF-driven flows may re-anchor meme-coin bids across DOGE and SHIB.