Key Takeaways:DOGE defended $0.21 and rebounded to $0.22 on 808.9M turnover, more than double weekly averages.$0.225 is the key breakout level that could confirm upside toward $0.25–$0.30.On-chain data flagged institutional accumulation during the recovery.DOGE Rebounds on Heavy TurnoverDogecoin (DOGE) staged a sharp recovery after testing $0.21 support, rebounding to $0.22 as trading volumes spiked. On-chain trackers recorded 808.9 million DOGE exchanged between Aug. 31 and Sept. 1, a 14% jump compared with the weekly average of 378.5M, signaling elevated institutional activity.The rebound came amid broader altcoin volatility as Bitcoin slipped intraday, while meme coin traders rotated into smaller names like XYZVerse and MAGACOIN FINANCE.Technical Levels to WatchSupport: $0.21 remains the structural floor, defended multiple times during the overnight sell-off.Resistance: $0.22 is capping gains, with $0.225 the breakout trigger.Momentum: RSI sits in the mid-50s (neutral-to-bullish), while MACD compression hints at a potential bullish crossover.Pattern: DOGE is forming a short-term consolidation band. Clearing resistance would validate a potential cup-and-handle setup targeting $0.25–$0.30.What Traders Are WatchingA decisive close above $0.225 to confirm bullish continuation.Whether $0.21 support holds under renewed selling pressure.Futures open interest and whale exchange flows as leading sentiment indicators.Macro drivers such as Fed policy and trade headlines that could influence risk appetite.
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