Dogecoin rose 6%, eyes are on breaking 35 cents.

Dogecoin rose by %6 between October 6 at 04:00 and October 7 at 03:00, reaching a level of $0.27. This increase was supported by a trading volume exceeding $1.1 billion. At the same time, large investors (whales) increased their holdings by 30 million Dogecoin, adding to market activity.

In the markets, speculation regarding potential inclusions from Pension Funds is attracting significant interest. Analysts expect that a breakthrough above the $0.30 level will provide a momentum confirmation towards higher targets.

Within the last two days, Dogecoin has seen a %7 transaction in the $0.25 - $0.27 range. Between 14:00 and 15:00, 1.15 billion tokens were traded, reaching the highest volume in weeks. The price encountered resistance at $0.27 on the evening it entered the bar. In the last session, the price continued to consolidate around $0.27; this situation is interpreted not as a weakness in structure, but as profit-taking.

From a technical analysis perspective, the support level has increased to $0.27 with multiple defenses, while resistance is becoming clear in the $0.27 - $0.30 range. An upward triangle structure is observed on the chart; the price is moving towards this resistance with rising lower levels. Analysts are also highlighting the presence of a 42-day cyclical signal for a potential breakout attempt. For momentum to be confirmed towards the $0.30 - $0.35 range, continuous closures above $0.27 are necessary.

Factors that investors are monitoring include whether Dogecoin can establish the $0.27 value as a sustainable support and whether a breakthrough at the $0.30 level will validate technical targets. Additionally, verifying the accumulation by large investors and the impact of exchange outflows on tightening supply are also important points to follow. The potential regulatory news regarding pension funds and how it will affect mainstream flows is also eagerly awaited.