Between 24 to 25 August, a whale switched 900 million doge (over $ 200 million) to Binance Tegners, which triggered fear of wider sales. Prices dropped briefly from $ 0.25 to test $ 0.23 support on elevated quantities.
Despite this, data on chains shows whales accumulated 680 million doers through August, creating a traction between distribution and accumulation.
Futures location weakened, with open interest that slides 8% in the wake of the transfer, highlighting reduced speculative leverage.
The wider Meme-Coin mood remains tied to macrosignals, with Powell’s Jackson Hole markings burning a temporary sect-word rally.
Summary of Price Action
From August 27 at. 03:00 to 28 August at. 02:00 traded DOGE in a tight $ 0.01 (3%) interval at about $ 0.22.
The maximum institutional participation came at. 20:00 GMT on August 27, when DODE went on from $ 0.219 to $ 0.224 at 1.26 billion volume – almost 4x hour norm.
Late on the session (01: 20-02: 19 GMT on August 28) Dog stood from $ 0.219 low to $ 0.224 Intradag heights before returning it returned to $ 0.220- $ 0.221 tape.
Technical analysis
Support: Strong bidder interest around $ 0.219- $ 0.220 has emerged as the new floor.
Resistance: $ 0.224- $ 0.225 continues to hood short -term events after repeated errors.
Momentum: RSI stable in the mid -50s suggests equilibrium rather than trend acceleration.
Bind: Institutional increase to 1.26 billion tokens to $ 0.22 Significant accumulation interest, but overall falling activity suggests consolidation.
Patterns: Tight trade area indicates the compression phase; The resolution could set the stage for directional breakout.
Risk meters: Futures Oi down 8% signals easier positioning – reducing immediate volatility, but also tempering breakout conception.
Which dealers are looking at
Whether $ 0.219 support is under additional whale distribution.
Breakout over $ 0.225 as a trigger against $ 0.23- $ 0.24.
Persistent business accumulation around $ 0.22 as proof that the Treasury Tables placed in front of wider market catalysts.
Signs of renewed gearing in futures markets that could reinforce Dog’s next directional movement.
