- Dogecoin defends $0.235–$0.240 support, keeping recovery potential toward $0.260–$0.270 in play.
- Whale wallets added 2B DOGE in two days, lifting holdings to 29.16B coins, per Santiment.
- REX–Osprey DOGE ETF logged $8.7M inflows since Sept 18, boosting optimism for broader ETF momentum.
Dogecoin is trading close to $0.2402 after facing rejection from the $0.3072 peak earlier in September. Price action shows strong support forming around the $0.235–$0.240 range, where buyers are attempting to stabilize the market. If momentum continues to build, a recovery toward $0.260–$0.270 could follow in the near term.
Key Market Structure and Support Levels
According to an analysis prepared by BitGuru, Dogecoin advanced from $0.24509 earlier this month to reach a high of $0.3072 before declining. The chart shows the asset consolidating around the $0.2400 zone, which now serves as a critical support level.
Traders are closely observing this price point as it defines the short-term outlook. Recent trading data confirms stabilization around this zone, with buyers stepping in to prevent deeper losses. The $0.2400 level has acted as a pivot point during multiple sessions.
As long as this area holds, upward pressure could re-emerge and trigger moves toward higher resistance levels. Resistance remains positioned near the $0.260–$0.270 range, where price previously reacted. If buyers reclaim control above support, recovery attempts into this resistance zone may materialize.
Technical Patterns and Future Outlook
Broader technical indicators point to repeated growth cycles. According to analysis from Bitcoinconsensus, Dogecoin has historically recorded 300% and 500% rallies, and the current setup aligns with an 800% target pattern. The chart shows price consistently bouncing off an ascending trendline, with a projected move toward $1.30 if the cycle repeats.
On-chain activity also supports renewed interest. Data from Santiment shows whale investors added 2 billion DOGE within two days, raising their combined holdings to 29.16 billion coins. Meanwhile, optimism around spot Dogecoin ETFs continues to grow.
The recently launched REX–Osprey Dogecoin ETF (DOJE) has already recorded more than $8.7 million in net inflows since September 18. If buyers maintain momentum near the current range, Dogecoin may attempt a recovery toward $0.260–$0.270, aligning with short-term technical projections.
