DOGE/BTC Triangle Breakout Flags Potential Rally if $0.22 Resistance Clears

1 month ago 7

Dogecoin rebounds from midday selloff as whale accumulation and ETF speculation drive heavy trading activity.

Updated Sep 3, 2025, 3:18 a.m. Published Sep 3, 2025, 3:18 a.m.

What to know:

DOGE experienced a 4% intraday swing, closing up 1% at $0.213 despite sharp fluctuations.

Trading volume surged 21% above weekly averages, indicating strong market participation.

Speculation on ETF approval and anticipated Fed rate cuts are key factors influencing DOGE's price movements.

News Background

DOGE swung 4% intraday between $0.207 and $0.215 in the 24h session from Sept. 2 at 02:00 to Sept. 3 at 01:00.
Trading volume surged to 949M, about 21% above weekly averages, signaling strong market participation.
ETF speculation remains a catalyst: Polymarket odds of DOGE ETF approval rose to 71% from 51% ahead of October deadlines.
Broader macro backdrop supports risk flows: traders now price in four Fed rate cuts by year-end, starting September.

Price Action

DOGE opened near $0.211 and closed at $0.213, up about 1% despite sharp intraday swings.
Midday selloff (12:00 GMT) pushed price to $0.207, with 811M tokens traded on the decline.
A recovery phase into 21:00 GMT lifted DOGE to $0.215, backed by 949M tokens across the rally.
Final-hour action (01:50–02:00) saw a 2% spike from $0.21 to $0.22 on 21M tokens, showing late-session buying interest.

Technical Analysis

Support: $0.207–$0.210 held multiple times with high-volume demand.
Resistance: $0.215–$0.220 capped upside moves across repeated tests.
Momentum: Short-term momentum gauges tilted positive after the recovery; RSI near neutral range but rising.
Patterns: Descending triangle on DOGE/BTC pairs broke upward, flagged by CryptoKaleo, pointing to potential continuation if $0.22 clears.
Volume: 21% surge above weekly averages confirms strong participation, likely institutional plus retail dip-buying.

What Traders Are Watching

A clean breakout above $0.22 to open $0.25–$0.30 upside range.
Whether $0.21 base continues to hold under pressure; a breakdown reopens $0.20 test.
ETF speculation flows and Fed policy shifts as near-term catalysts.
Whale behavior — if accumulation sustains during consolidation, bias leans bullish.

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Whales absorb selling pressure near $2.76 lows as institutional flows lift XRP toward the $2.86 resistance band.

What to know:

XRP experienced a volatile trading session, fluctuating between $2.76 and $2.86, with geopolitical and monetary policy uncertainties impacting the crypto markets.

Whale accumulation of 340 million XRP suggests institutional interest despite broader market selling, with analysts divided on potential price movements.

Key resistance levels are identified at $2.86 and $3.30, with traders watching for a sustained close above these points to signal momentum continuation.

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