DOGE Hits 23-Cents on Whale Buying, Supply Zone Stalls Breakout
Whale-led accumulation dominated early and mid-session flows, with over $200 million in DOGE bought over 24 hours. The $0.22 degree held firmly on a number of retests, drawing in leveraged lengthy positioning. Nevertheless, the $0.23 resistance zone triggered profit-taking from short-term merchants and potential distribution from massive holders. Technical Evaluation Overview DOGE rises 4% within the 24-hour interval ending Aug. 9, climbing from $0.22 to $0.23 between Aug. 8 04:00 and Aug. 9 03:00 UTC. The transfer spans a $0.01 vary, marking 5% volatility, based on CoinDesk Analysis’s technical evaluation information. Help holds at $0.22 throughout the 05:00 UTC session on robust bid-side quantity of 262.2 million. Resistance emerges at $0.23 within the 14:00 UTC hour as promoting strain accelerates, with quantity peaking at 780.9 million. Provide zone above $0.23 caps upside momentum. Late-session commerce sees a pointy 1% drop from $0.23 to $0.227 between 02:39 and 03:38. Breakdown happens at 03:34 on 11.4 million quantity, adopted by a 24.1 million spike at 03:35. Worth consolidates in a decent $0.227-$0.229 band into the shut. Worth Motion Abstract • DOGE rallies 4% from $0.22 to $0.23 throughout Aug. 8 04:00 to Aug. 9 03:00 UTC session, confirming $0.22 assist• Sharp 1% pullback in last 60 minutes as institutional promoting strain hits, dropping worth to $0.227• Whale accumulation tops 1 billion DOGE value $200 million, lifting large-holder possession near half of the circulating provide Technical Indicators Evaluation • $0.22 confirmed as key assist with volume-backed protection in early session• $0.23 resistance bolstered by heavy provide and 780.9 million quantity peak• Late-session breakdown triggered on 11.4M adopted by 24.1M quantity spike• Remaining hour data 8x common quantity, signaling institutional exit flows• Whale accumulation at 1 billion DOGE marks vital possession focus What Merchants Are Watching • Whether or not $0.22 assist holds on the following check amid continued whale exercise• Breakout potential above $0.23 if provide zone clears• Indicators of sustained large-holder accumulation versus distribution patterns• Broader meme coin sentiment as a momentum driver Powered by WPeMatico