Dogecoin has rebounded heavily by $ 0.21 low, closing at $ 0.22 after an increase in volume at the end of the session and an aggressive whale accumulation, even as security risks of the threat of attacking Qubic.
New context
- DOGE faced the pressure this month after the information related to the potential attack of QUBIC 51% frightened retail merchants and led the sale.
- Despite these risks, the data on the chain show that the cohorts of the whales accumulated more than 680 million DOGE in August, compensating for detail outings.
- The broader feeling of the market has been mixed, Bitcoin and Ethereum consolidating itself near the summits, letting mecoins exchange with disproportionate volatility.
Summary of price action
- DOGE increased by 5% within 24 hours ending on August 21 at 9:00 a.m., recovering from an intrajournnal background of $ 0.21 to close to $ 0.22.
- The token reached its low session around 1:00 p.m. UTC on August 20 before overthrowing the course in V -shaped recovery.
- The negotiation volume increased to 9.29 million in the last hour, adding 0.45% in the last section and confirming flows of institutional size.
- The whales accumulated 680 million Doge until August, positioning despite the current concerns concerning the potential attack of 51% of Qubic.
Technical analysis
- Key support maintained at $ 0.21, tested in the middle of the session before high volume inversion.
- The resistance appeared at $ 0.22, setting a negotiation range of $ 0.01 for the session.
- An escape was triggered at 04:31 UTC with the volume peak of 9.29 million volumes marking the pivot of the session.
- A turnover supported at 6.8 million per minute during the last hour points to the larger buyers behind the momentum.
What traders look at
- That $ 0.22 can drop from resistance to support, opening the way from $ 0.23 to $ 0.24.
- The positioning trends of continuous whales in the context of quobic safety problems.
- The strength of the purchase of follow -up after the end of the end of the session volume, which will confirm whether the recovery in V has legs.
