Dogecoin staged sharp price swings during the September 5–6 trading window, rising nearly 1% as volume jumped 29% above weekly averages. A midday selloff to $0.213 was quickly absorbed by buyers, underscoring institutional support and ETF-driven speculation. Traders now view $0.22 as the key breakout threshold that could define near-term momentum. News Background • Dogecoin reached a local high of $0.2157, its strongest level in weeks, with trading volume 29.19% above weekly benchmarks.• Reports surfaced of a $200 million Dogecoin treasury initiative, led by Elon Musk’s legal counsel, boosting institutional credibility.• REX Shares and Osprey Funds reportedly filed the first U.S. Dogecoin ETF applications, with decisions expected in October.• Futures activity surged 119% in August, reflecting heightened institutional positioning around meme-based digital assets. Price Action Summary • DOGE traded in a $0.008 range (3.6%) between $0.213 and $0.221.• The steepest move hit at 14:00, when price fell from $0.220 to $0.213 on 1.31B volume, establishing robust support.• Recovery lifted DOGE back toward $0.216 by session close, with buyers consistently defending the $0.213–$0.214 zone.• The one-hour window from 05:13–06:12 saw a resistance break above $0.2157 on 3.06M volume, hinting at renewed bullish pressure. Technical Analysis • Support: Strong base at $0.213–$0.214, validated by 1.3B volume during the selloff.• Resistance: Clear ceiling at $0.220–$0.221, with multiple rejections.• Momentum: Breakout attempt at $0.2157 suggests bullish continuation if $0.22 clears.• Patterns: Accumulation signs within a tight consolidation band; descending triangle on DOGE/BTC pairs broke upward (flagged by CryptoKaleo).• Indicators: RSI steady near mid-50s (neutral-bullish); MACD histogram converging toward potential bullish crossover. What Traders Are Watching • Whether DOGE can sustain closes above $0.22 to trigger an extended rally.• Institutional flows tied to the $200M treasury initiative and potential ETF approval.• Breakout targets projected between $0.30–$0.35 if resistance clears; downside risk remains toward $0.21 support.