DOGE Flashes Classic '1-2 Pattern' as Bulls Eye $0.28–$0.30 Breakout

DOGE Flashes Classic '1-2 Pattern' as Bulls Eye $0.28–$0.30 Breakout

Dogecoin, the popular meme-inspired cryptocurrency, recently experienced a significant overnight selloff, witnessing its value slide from $0.27 to $0.25 during the trading session spanning September 21–22. This sharp decline was attributed to institutional traders offloading their positions, which resulted in record trading volumes exceeding an astonishing 2.15 billion tokens. The rapid midnight rout not only breached established support levels but also solidified new resistance zones, leaving DOGE in a crucial consolidation phase around the $0.25 mark. Market participants are now closely monitoring whether this level can hold, paving the way for a recovery, or if the price action signals a continuation of the downward trend. Recent Market Dynamics and Volume Spikes The past 24-hour period, concluding on September 22 at 02:00, saw DOGE register a 7% drop, retreating from its prior $0.27 level to settle at $0.25. A particularly notable event was the midnight trading activity, which obser…