Between August 24 to 25, a whale moved 900 million Doge (worth more than $ 200 million) in Binance, arousing fears of distribution of long -term holders.
Business treasury bills and institutional funds have reduced exposure to the same as a regulatory uncertainty and worldwind macro -opposite winds.
The network safety force remains high, with a Dogecoin hashrate exceeding 2.9 petahashes per second, reflecting a robust mining participation despite the volatility of the prices.
The wider markets of cryptography remain supported by the expectations of the softening of the Fed policy, but DOGE continues to drag majors like BTC and ETH.
Summary of price action
DOGE dropped 5% during the session 24 hours a day, August 28 at 9:00 a.m. to August 29 at 8:00 a.m., from $ 0.22 to $ 0.21.
The token exchanged in a narrow range of 0.011, marked by a summit at $ 0.23 and a low at $ 0.21.
The institutional sale was obvious, with 626.3 million tokens treated during the morning trade, the support of $ 0.22 has sold.
The clearest movement came in 07: 24–08: 23 GMT HOUR on August 29, when DOGE dropped from $ 0.22 to $ 0.22 on an increase of 27.36 million volume peaks.
Technical analysis
Support: The initial stability of about $ 0.22 was lost; $ 0.21 now serves as an immediate floor.
Resistance: $ 0.23 remains the short -term ceiling, repeatedly rejecting the rallies.
Momentum: RSI hovers near the mid -40 year old, showing a biased bias with bastard with limited increase resistance.
Volume: Daily turnover has exceeded 280.5 million tokens; Institutional flows were concentrated during the cutting -edge sales phases.
Indicators: MacD lines divergent, suggesting a risk of additional drop unless the price recovers $ 0.22.
Model: $ 0.21 tight at $ 0.23 Corridor Signals consolidation, but repeated lower highs point to a lower potential continuation.
What traders look at
$ 0.21 as a critical support – a risk risk exposing $ 0.20.
A push of $ 0.23 could reframe a short -term dynamic and open the way to $ 0.25 to $ 0.30.
Monitoring of whale exchange entries after the transfer of $ 200 million to Binance.
Futures open interest trends, down 8% earlier this week, such as a speculative conviction.
