2 weeks ago
Whale-led accumulation dominated aboriginal and mid-session flows, with implicit $200 cardinal successful DOGE purchased implicit 24 hours. The $0.22 level held firmly connected aggregate retests, drafting successful leveraged agelong positioning. However, the $0.23 absorption portion triggered profit-taking from short-term traders and imaginable organisation from ample holders.
Technical Analysis Overview
DOGE rises 4% successful the 24-hour play ending August 9, climbing from $0.22 to $0.23 betwixt August 8 04:00 and August 9 03:00. The determination spans a $0.01 range, marking 5% volatility.
Support holds astatine $0.22 during the 05:00 league connected beardown bid-side measurement of 262.2 million. Resistance emerges astatine $0.23 successful the 14:00 hr arsenic selling unit accelerates, with measurement peaking astatine 780.9 million. Supply portion supra $0.23 caps upside momentum.
Late-session commercialized sees a crisp 1% driblet from $0.23 to $0.227 betwixt 02:39 and 03:38. Breakdown occurs astatine 03:34 connected 11.4 cardinal volume, followed by a 24.1 cardinal spike astatine 03:35. Price consolidates successful a choky $0.227-$0.229 set into the close.
Price Action Summary
• DOGE rallies 4% from $0.22 to $0.23 during August 8 04:00–August 9 03:00 session, confirming $0.22 support
• Sharp 1% pullback successful last 60 minutes arsenic organization selling unit hits, dropping terms to $0.227
• Whale accumulation tops 1 cardinal DOGE worthy $200 million, lifting large-holder ownership adjacent to fractional of circulating supply
Technical Indicators Analysis
• $0.22 confirmed arsenic cardinal enactment with volume-backed defence successful aboriginal session
• $0.23 absorption reinforced by dense proviso and 780.9 cardinal measurement peak
• Late-session breakdown triggered connected 11.4M followed by 24.1M measurement spike
• Final hr records 8x mean volume, signaling organization exit flows
• Whale accumulation astatine 1 cardinal DOGE marks important ownership concentration
What Traders Are Watching
• Whether $0.22 enactment holds connected the adjacent trial amid continued whale activity
• Breakout imaginable supra $0.23 if proviso portion clears
• Signs of sustained large-holder accumulation versus organisation patterns
• Broader meme coin sentiment arsenic a momentum driver
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