Dogecoin Price Holds Key Support as Bulls Eye $0.244 Breakout

Dogecoin (DOGE) saw sharp volatility in the past 24 hours, trading between $0.231 and $0.244, a 5.7% swing that tested both support and resistance levels. The memecoin hit an early peak at $0.244 before strong profit-taking drove prices lower, closing the session at $0.236. Trading volumes surged to 463.5 million DOGE at resistance, signaling heavy institutional selling.

Late in the session, whales and institutional desks stepped in aggressively near the $0.234–$0.237 support zone, where 687.9 million tokens exchanged hands, pointing to accumulation. In the final hour, DOGE bounced from $0.234 to $0.237, posting a 1.3% recovery with volumes averaging 6.2 million per minute, reflecting renewed bullish interest.

Technical signals remain mixed. The $0.234–$0.237 range is confirmed as a strong support zone, while $0.244 remains a critical resistance ceiling, having capped multiple rally attempts. A sustained break above $0.244 could pave the way for a move toward $0.250, but failure to clear this barrier risks a retest of the $0.231 base. Short-term momentum shows higher lows, hinting at fresh buying strength.

On the macro side, futures data reveal rising open interest as institutions hedge spot exposure. Traders are watching whale wallet inflows and the potential for DOGE-related ETF progress in the U.S., which could fuel speculative flows. Market sentiment also hinges on the Federal Reserve’s September 17 rate decision, with policy outcomes expected to influence risk appetite across crypto assets.

For now, DOGE investors are focused on whether the coin can reclaim $0.240 and flip $0.244 into support, a move that would strengthen the bullish outlook heading into mid-September.