1 week ago
Technical Analysis Overview
DOGE falls 6.88% successful the 24-hour play ending August 12, dropping from $0.24 to $0.22 arsenic sellers overwhelm bid-side liquidity. The heaviest unit hits astatine 07:00 connected August 11, with terms sliding from $0.238 to $0.233 connected 485.69M measurement — 31% supra the regular mean of 371.45M. This establishes $0.238 arsenic a large absorption level.
Buyers measurement successful astatine $0.226 during the 11:00 session, generating 793.38M successful volume. Secondary absorption forms astatine $0.231 arsenic aggregate rally attempts fail. Final-hour commercialized sees DOGE range-bound betwixt $0.2247-$0.2253 with measurement compression, suggesting imaginable seller exhaustion.
News Background
The selloff comes amid broader weakness successful integer assets, with regulatory uncertainty and planetary commercialized tensions weighing connected hazard sentiment. Major economies are escalating tariff disputes, pressuring multinational proviso chains, portion cardinal banks awesome imaginable argumentation shifts — a premix that has prompted organization de-risking crossed crypto holdings.
Price Action Summary
• DOGE declines 6.88% from $0.24 to $0.22 successful August 11 01:00–August 12 00:00 window
• $0.238 absorption locked successful aft 07:00 selling climax connected 485.69M volume
• $0.226 enactment sees 793.38M successful buy-side flows; $0.231 secondary absorption caps rebounds
• Final hr trades successful choky $0.2247-$0.2253 scope with falling volume
Market Analysis and Economic Factors
Whale and organization profit-taking astatine $0.238 absorption acceptable the code for the session, triggering a breakdown beneath $0.23 and forcing retests of $0.226. Support buying was evident connected 2 large measurement spikes (11:00 and 21:00), but repeated rejections adjacent $0.231 kept DOGE pinned.
With measurement thinning astatine league lows, the operation hints astatine imaginable base-building — though macro headwinds could spot $0.22 tested again.
Technical Indicators Analysis
• Resistance: $0.238 (high-volume rejection), $0.231 (secondary cap)
• Support: $0.226 archetypal defense, $0.2247-$0.2249 intraday floor
• 24-hour range: $0.019 (7.89% volatility)
• Volume compression adjacent lows signals imaginable seller fatigue
• Multiple failed breakouts supra $0.231 corroborate proviso portion overhead
What Traders Are Watching
• Retest of $0.22 and whether purchaser flows reappear astatine cardinal support
• Breakout attempts supra $0.231 arsenic a archetypal measurement toward recovery
• Impact of macro headlines connected broader meme coin sentiment
• Signs of renewed whale accumulation aft selling climax
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