Dogecoin Swings 5.7% as Traders Eye $0.25 Target

September 9, 2025

Dogecoin experienced significant volatility over the past 24 hours, with early momentum pushing the memecoin to a $0.244 intraday high before heavy profit-taking brought it down to close at $0.236. Whales and institutional desks stepped in near $0.234 support, helping DOGE recover 2% in the final hour of trading. Resistance at $0.244 remains a key hurdle.

Price Action Summary

• DOGE traded in a 5.7% range between $0.231 and $0.244 from September 8, 04:00 to September 9, 03:00.
• Early gains to $0.244 reversed by session close at $0.236 amid profit-taking.
• Trading volumes spiked to 463.5M tokens during resistance rejection at $0.244, signaling institutional selling.
• Late-session support held between $0.234–$0.237, with 687.9M tokens exchanged, suggesting accumulation.
• DOGE rebounded from $0.234 to $0.237 (+1.3%) in the final hour, averaging 6.2M tokens per minute.

Technical Analysis

• Support: $0.234–$0.237, confirmed by strong buying on dips.
• Resistance: $0.244, repeatedly rejecting price on heavy volume.
• Momentum: Higher lows in the last 20 minutes indicate a fresh bullish bias.
• Key Levels: A break above $0.244 could target $0.25; failure risks a retest of $0.231.

Market Context

• Futures show elevated open interest in DOGE contracts as institutions hedge exposure.
• Speculative flows continue amid U.S. regulatory developments on crypto ETFs.
• Broader volatility influenced by Fed policy expectations and global trade tensions.

Traders’ Focus

• Sustaining closes above $0.240 and flipping $0.244 into support.
• Impact of the Fed’s September 17 rate decision on crypto risk appetite.
• Whale accumulation and late-session inflows.
• Progress on U.S. DOGE-related ETF filings and potential regulatory guidance for meme coins.