Dogge’s price has occurred in the last 24 hours, but the closing of the day was made at $ 0.213 with a 1 %rise. While the mobility in the market increases the speculation for the future of Doge, the 21 %increase in transaction volume shows that there is a strong participation in the market. Investors, Dogecoin 
$0.214462 ETF approval speculation and expected Fed interest rate cuts closely follow macroeconomic factors.
The background of market mobility
Between 2 September and September 3, the price of the Dge had a 4 %fluctuation between $ 0.207 and $ 0.215. The total transaction volume increased by 21 %of the weekly averages and reached $ 949 million. This shows that both individual and corporate investors are active in the market.
Speculation especially about the approval of DOGE ETF is one of the main triggers of price movements. The probability rates for the approval of DOGE ETF in Polymarket rose from 51 %to 71 %before the deadline in October. This expectation can increase the interest of corporate investors to Dogge. In addition, another important factor that increases interest in risky assets throughout the market is the expectations that the FED will make four interest rate reductions by the end of the year. The first discount is expected to arrive in September.
Price analysis and technical view
Despite the sharp fluctuations during the day, Doge closed the day at $ 0.213, over $ 0.211, which is the opening price. The price decreased to 0.207 dollars with a sales pressure of 811 million token at noon and rose to 0.215 dollars with a purchase of 949 million token in the recovery phase that lasted until 21:00. In the last hours of the day, the price of 21 million token with the price of 0.21 dollars to $ 0.22 dollars and showed a strong purchase interest.
According to the analysts, investors can follow the following levels as support and resistance:
- Support: 0,207 – 0.210 dollars range, with high -volume purchases, worked as a solid support more than once.
- Resistance: The range of 0.215 – 0.220 dollars limited the rise by serving as resistance in the upward trials.
In addition, short -term momentum indicators turned to positive after the price was recovered. RSI (relative power index) is in the neutral range, although it tends to rise. According to expert names, the descending triangular formation in the Doge/BTC parity was broken upward. This breakage was interpreted by the analyst Cryptokaleo as a potential rise signal. If Doge clearly overcome $ 0.22 resistance, the continuation of the rise may come.
On the other hand, a clear break that will exceed $ 0.22 dollars resistance can pave the way for Dogge to the range of $ 0.25-0.30. If a decrease below the support of $ 0.21, the price can again withdraw to $ 0.20.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
