Between 24 to 25 August, a whale switched 900 million DOGE (worth over $ 200 million) to Binance, triggering fear of distribution from long -term holders.
Business chains and institutional foundations have reduced exposure to meme-coin as regulatory uncertainty and global macro-mind.
Network security strength remains elevated, with Dogecoin’s hash rate topping 2.9 Petahashes per day. Second, reflecting robust mining participation despite award volatility.
Wider crypto markets remain supported by the expectations of bold policy, but DOGE continues to disappear majors like BTC and ETH.
Summary of Price Action
DOGE fell 5% during the 24-hour session from August 28 at 1 p.m. 09:00 to 29 August at. 08:00 and slid from $ 0.22 to $ 0.21.
The token traded within a narrow $ 0.011 interval, marked with a high of $ 0.23 and a low of $ 0.21.
Institutional sales were clear, with 626.3 million tokens traded during the morning trade when $ 0.22 support gave way.
The sharpest move came in 07: 24–08: 23 GMT hour on August 29, when DOGE dropped 0.57% from $ 0.22 to $ 0.21 on a 27.36 million increase in volume.
Technical analysis
Support: The original stability around $ 0.22 was lost; $ 0.21 now acts as the immediate floor.
Resistance: $ 0.23, the almost term Cap remains repeatedly rejecting events.
Momentum: RSI hovers near the mid-40s and shows neutral-to-bearing bias with limited strength.
Bind: Daily revenue exceeded 280.5 million tokens; Institutional currents were concentrated in the highest sales phases.
Indicators: MacD lines are diverging bearishly, which suggests further downward risk unless the price regains $ 0.22.
Pattern: Tight $ 0.21- $ 0.23 corridor signals consolidation, but repeated lower heights point to a potential continuation lower.
Which dealers are looking at
$ 0.21 as the critical support – a break risks postponing $ 0.20.
A push through $ 0.23 could refresh the momentum in the short term and open the path against $ 0.25- $ 0.30.
Monitoring whale exchange inflow after the $ 200 million transfer to Binance.
Futures Open Interest trends down 8% earlier this week as a meter of speculative conviction.
