Golden Cross Fails to Lift DOGE as Sellers Overwhelm Rally

Dogecoin slipped beneath cardinal enactment arsenic late-session selling erased an earlier rally, with planetary commercialized tensions and caller information concerns adding downside pressure.

Whale wallets proceed to accumulate aggressively, with holdings present approaching 100 cardinal DOGE, but terms enactment shows method harm that traders volition request to show closely.

News Background

• Whale wallets added 680 cardinal DOGE successful August, bringing full holdings to 98.56 cardinal tokens — the largest level successful months.
• Qubic’s assemblage voted to people the Dogecoin web for a imaginable 51% onslaught aft precocious executing 1 against Monero.
• Escalating planetary commercialized wars and tariff announcements fueled risk-off sentiment crossed crypto markets.
• DOGE’s bullish aureate transverse signifier (50-day supra 200-day) failed to spark momentum arsenic sellers overwhelmed bids.

Price Action Summary

• DOGE declined 6% from $0.24 to $0.23 during the Aug. 17–18 trading window.
• The token swung violently successful a $0.02 range, marking 7% intraday volatility.
• A midday surge to $0.24 connected 916.22M measurement was rapidly reversed arsenic bears sold into strength.
• Final league saw DOGE illness 2% successful 1 hour, breaking beneath $0.23 connected 67.85M volume.
• Support astatine $0.23 failed, leaving the token susceptible to further downside.

Technical Analysis

• Fierce absorption capped DOGE astatine $0.24, wherever repeated rejection sparked merchantability pressure.
• Key $0.23 enactment portion broke, eliminating near-term purchaser interest.
• Volume spikes connected breakdowns bespeak continuation hazard alternatively than reversal strength.
• Golden transverse enactment (50-day > 200-day) remains intact but has yet to output upside confirmation.
• $0.23 present stands arsenic the make-or-break level for betterment attempts.

What Traders Are Watching

• Whether whales prolong accumulation contempt web information concerns.
• Confirmation of caller downside targets if $0.23 fails to hold.
• Derivatives positioning aft unfastened involvement surged past $10 billion.
• Any follow-through from Qubic’s assemblage targeting Dogecoin with a 51% attack.
• Reaction to macro headlines connected commercialized wars that proceed to unit hazard assets.