Between August 24 to 25, a whale moved 900 million Doge (more than $ 200 million) in binance wallets, aroused fears of a larger sale. The prices have briefly spent from $ 0.25 to test the support of $ 0.23 on high volumes.
Despite this, the data on the chain show that the whales have accumulated 680 million Doge until August, creating a standoff between distribution and accumulation.
The long -term positioning has weakened, with an open -minded interest of 8% in the aftermath of the transfer, highlighting a reduction in the speculative lever effect.
The wider feeling of memes remains linked to macro signals, with remarks from the Powell Jackson hole fueling a temporary gathering on a sector scale.
Summary of price action
From August 27 at 3:00 a.m. to August 28 at 02:00 am, DOGE exchanged in a tight range of $ 0.01 (3%), holding about $ 0.22.
The cutting edge institutional participation arrived at 8:00 p.m. GMT on August 27, when DOGE went from $ 0.219 to $ 0.224 on 1.26 billion volumes – nearly 4x the time standard.
Late in the session (01: 20–02: 19 GMT on August 28), DOGE rallied from $ 0.219 to $ 0.224 more before the profits did not return it to the band from 0.220 to 0.221 $.
Technical analysis
Support: A strong submission interest from about $ 0.219 to $ 0.220 has become the new floor.
Resistance: $ 0.224 to $ 0.225 continues to cap short -term rallies after repeated failures.
Momentum: Stable RSI in the mid -1950s suggests balance rather than acceleration of trend.
Volume: Institutional peak at 1.26 billion tokens at $ 0.22 of marked accumulation interests, but the overall decrease in consolidation advice.
Patterns: The tight trading range indicates a compression phase; The resolution could prepare the ground for a directional breakdown.
Risk gauges: Ultimately on signals of 8% of lighter signals – reducing immediate volatility but also conviction in small groups.
What traders look at
If the support of $ 0.219 is retained under a distribution of additional whales.
Escape greater than $ 0.225 as a trigger to $ 0.23 to $ 0.24.
Souted accumulation of companies of around $ 0.22 as proof of cash offices positioning itself in front of wider market catalysts.
Signs of lever renewed in the term markets which could amplify the directional movement of Doge.
