2 weeks ago
DOGE roseate 5% during the 24-hour league from August 2 astatine 21:00 to August 3 astatine 20:00, climbing from $0.189 to $0.200 earlier slipping somewhat to adjacent astatine $0.198.
The rally was driven by accordant accumulation and ample holder activity, with cardinal breakouts astatine $0.194, $0.196, and $0.198.
However, the token failed to support momentum supra the $0.20 absorption and reversed during the last hr of trading, indicating a short-term apical and mounting the signifier for a imaginable consolidation phase.
What to Know
- DOGE precocious from $0.189 to $0.200, a 6.17% intraday swing
- Closed the league astatine $0.198, up 4.66%
- Major breakout zones: $0.194, $0.196, $0.198
- Strong measurement spikes during upward moves exceeded 233 cardinal regular average
- Late-session pullback from $0.200 to $0.198 with declining momentum
News Background
DOGE’s determination comes amid accrued attraction connected high-volatility tokens arsenic broader markets stay directionless. While bitcoin and ether clasp steady, meme coins similar DOGE person benefited from retail speculation and opportunistic organization flows. Large holders reportedly accumulated 310 cardinal DOGE tokens recently, bolstering assurance successful the rally contempt macro uncertainties.
Price Action Summary
- Session high: $0.200; low: $0.189
- Peak volatility during 19:08 to 20:07 window, wherever terms retreated from $0.199 to $0.198
- Break supra $0.20 absorption was short-lived, with contiguous rejection
- Final 2 minutes of trading showed near-zero volume, suggesting marketplace exhaustion
Technical Analysis
- Initial enactment formed astatine $0.189 during aboriginal volatility
- Resistance rejection astatine $0.200 formed a short-term ceiling
- Uptrend momentum validated by measurement bursts astatine $0.194 and $0.199
- Reversal signifier developed aft $0.20 was breached but not held
- Declining peaks during last 30 minutes bespeak organisation pressure
What Traders Are Watching
- Key enactment range: $0.189 to $0.213
- A palmy retest of $0.20 could unfastened upside toward $0.206–$0.212
- Breakdown beneath $0.189 whitethorn nonstop DOGE toward $0.14–$0.12
- Volume inclination and whale question proceed to awesome near-term direction
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