DOGE Price Holds Above $0.251 Support as Traders Eye $0.264 Breakout - Technical Analysis & Price Prediction

Dogecoin experienced significant volatility with a 5% price swing before settling, though institutional sell-offs disrupted support in late trading. The cryptocurrency successfully defended the $0.251 support level and rebounded toward $0.264, demonstrating market resilience. However, a substantial sell-off of 33 million volume at 03:55 UTC temporarily halted momentum, leaving DOGE consolidating near $0.261. From October 2nd (04:00) to October 3rd (03:00), DOGE traded between $0.251 and $0.264, ultimately recording a 2.7% net gain despite intraday corrections and recovery phases. Market analysts identified institutional trading desks as primary flow drivers, with ongoing SBI and ETF speculation maintaining broader bid interest. Technical analysts observed an emerging ascending megaphone pattern and hidden bullish divergence, indicating potential upward movement despite short-term selling pressure. Key Technical Levels: - Strong support established at $0.251-$0.253 - Resistance consolidated at $0.262-$0.264 - Sell-off volumes peaked at 666 million tokens during downturns - Rebound phases attracted 414 million in volume Trading Focus: - DOGE's ability to stabilize above $0.260 following late-session liquidation - Potential retest of $0.251-$0.253 support if selling continues - Confirmation of bullish divergence and megaphone breakout patterns - ETF speculation flows potentially boosting meme-coin bids across DOGE and SHIB The technical structure reveals both resilience and vulnerability, with broader patterns suggesting possible continuation toward $0.34 if buyers can push above the $0.262 resistance level.