DOGE Faces Selling Pressure as $200M Whale Transfer to Binance Caps Rally

4 hours ago

News Background

Between August 24–25, a whale shifted 900 cardinal DOGE (over $200 million) into Binance wallets, sparking fears of a broader sell-off. Prices concisely fell from $0.25 to trial $0.23 enactment connected elevated volumes.
Despite this, on-chain information shows whales accumulated 680 cardinal DOGE done August, creating a tug-of-war betwixt organisation and accumulation.
Futures positioning weakened, with unfastened involvement sliding 8% successful the aftermath of the transfer, highlighting reduced speculative leverage.
Broader meme-coin sentiment remains tied to macro signals, with Powell’s Jackson Hole remarks fueling a impermanent sector-wide rally.

From August 27 astatine 03:00 to August 28 astatine 02:00, DOGE traded successful a choky $0.01 (3%) range, holding astir $0.22.
Peak organization information came astatine 20:00 GMT connected August 27, erstwhile DOGE precocious from $0.219 to $0.224 connected 1.26 cardinal measurement — astir 4x the hourly norm.
Late successful the league (01:20–02:19 GMT connected Aug. 28), DOGE rallied from $0.219 lows to $0.224 intraday highs earlier profit-taking returned it to the $0.220–$0.221 band.

Support: Strong bid involvement astir $0.219–$0.220 has emerged arsenic the caller floor.
Resistance: $0.224–$0.225 continues to headdress short-term rallies aft repeated failures.
Momentum: RSI dependable successful the mid-50s suggests equilibrium alternatively than inclination acceleration.
Volume: Institutional spike to 1.26 cardinal tokens astatine $0.22 marked accumulation interest, but wide declining enactment hints astatine consolidation.
Patterns: Tight trading scope indicates compression phase; solution could acceptable the signifier for directional breakout.
Risk Gauges: Futures OI down 8% signals lighter positioning — reducing contiguous volatility but besides tempering breakout conviction.

Whether $0.219 enactment holds nether further whale distribution.
Breakout supra $0.225 arsenic a trigger toward $0.23–$0.24.
Sustained firm accumulation astir $0.22 arsenic grounds of treasury desks positioning up of broader marketplace catalysts.
Signs of renewed leverage successful futures markets that could amplify DOGE’s adjacent directional move.