Dogecoin Price Analysis: Lower Highs Form as Volume Expands on Declines

News Background DOGE advanced 4% during the 24h session from Sept. 3 at 03:00 to Sept. 4 at 02:00, climbing from $0.216 to $0.218. Trading volumes spiked to 416.41M tokens during resistance testing at $0.223, far above the 24h average of ￰0￱ markets (Polymarket) show ETF approval odds rising from 51% to 71% , drawing institutional ￰1￱ split: some warn of a triangle breakdown toward $0.17 Fibonacci support, while others forecast potential upside toward $1.00–$1.40 based on historical pattern ￰2￱ Action Summary DOGE traded within a $0.009 range (4.17% volatility) between $0.214 and $0.223. Midday rally (13:00–15:00) lifted price from $0.215 to $0.219 on volume spikes >400M.

Evening session rejection at $0.223 triggered profit-taking and heavy volume ￰3￱ hour (01:31–02:30) saw DOGE fade 0.5% from $0.219 to $0.218, with volume accelerating to 16.1M in the last ￰4￱ low printed at $0.2178 as $0.218 support gave way under late selling ￰5￱ Analysis Support: $0.214 confirmed by repeated institutional bids in overnight trading. Resistance: $0.223 established on high-volume rejection. Momentum: Lower highs forming; expanding volume on declines signals distribution. Patterns: Possible triangle setup under $0.22; breakdown would target $0.17 Fibonacci support.

Volume: Institutional-level surges above 400M confirmed corporate desk ￰6￱ Traders Are Watching Whether $0.218 support holds or if breakdown opens path to $0.214 → $0.17. Institutional flows around ETF speculation — if regulatory odds firm up, could trigger breakout ￰7￱ backdrop (Fed rate path + treasury adoption narratives) supporting risk-on ￰8￱ activity and treasury inflows as clues to whether accumulation outweighs distribution.