2 weeks ago
Dogecoin fell 4% successful the 24-hour play ending August 3 astatine 04:00 (UTC+7), slipping from $0.20 to arsenic debased arsenic $0.19 amid crisp spikes successful trading enactment and persistent macroeconomic headwinds.
The determination came arsenic hazard sentiment deteriorated globally, triggering organization outflows crossed volatile crypto assets, peculiarly meme coins.
What to Know
- DOGE traded successful a volatile $0.01 scope (7.14%) during the session, declining from $0.20 to $0.19 earlier staging a mild bounce.
- Volume surged to 918.53M astatine 06:00 and 502.81M astatine 14:00, some exceeding the 24H mean of 385.67M, signaling high-conviction exits.
- Support formed astir $0.188–$0.190, wherever measurement spiked to 667.44M, enabling a little betterment to $0.194.
- Resistance held astatine $0.202–$0.203, repeatedly rejecting upside attempts.
News Background
DOGE's diminution came amid renewed planetary commercialized tensions pursuing the expiration of a reciprocal tariff framework, which has near 92 countries facing elevated commercialized barriers.
The Federal Reserve held rates dependable this week, opting to show commercialized data, which has reduced marketplace likelihood of a September complaint chopped and weighed heavy connected high-beta assets.
Price Action Summary
- High: $0.203
- Low: $0.188
- Close: $0.195
- 24H Range: $0.015 (7.14%)
Technical Analysis
- DOGE encountered assertive absorption astatine the $0.202–$0.203 zone, rejecting aggregate rallies.
- The $0.188–$0.190 portion absorbed highest selling pressure, with high-volume prints suggesting bottom-fishing oregon accumulation interest.
- The last 60-minute league (03:55–04:54) saw a measured 0.53% driblet from $0.196 to $0.195, with intra-candle absorption astatine $0.1963 and enactment adjacent $0.1952.
- Volumes normalized precocious successful the session, but stay supra baseline, indicating imaginable for continued volatility.
What Traders Are Watching
- Whether DOGE tin clasp $0.19 enactment oregon interruption down further amid broader altcoin weakness.
- Macro hazard factors specified arsenic U.S. complaint path, planetary commercialized argumentation shifts, and liquidity rotations distant from meme assets.
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