Overview of Technical Analysis
DOGE falls 6.88% in the 24-hour period ending on August 12, falling from $ 0.24 to $ 0.22 as sellers overwhelm the bid-side liquidity. The heaviest pressure strikes at. 07:00 August 11 with price sliding from $ 0.238 to $ 0.233 at 485.69 m volume – 31% above the daily average of 371.45 m. This determines $ 0.238 as a greater resistance level.
Buyers enter $ 0.226 under 11:00 session and generate DKK 793.38 million. In volume. Secondary resistance is formed at $ 0.231 as several rally attempts fail. The last hour of trade sees DOGE-range between $ 0.2247- $ 0.2253 with volume compression, suggesting potential exhaustion of the seller.
News Background
Sales come in the midst of a wider weakness in digital assets, with regulatory uncertainty and global merchant stresses that weigh at risk. Larger economies escalate duty disputes and push multinational supply chains, while central banks signalize potential political shifts that have led to institutional de-risk across crypto holdings.
Summary of Price Action
• DOGE FALLS 6.88% FROM $ 0.24 to $ 0.22 in August 11 01: 00 – August 12 00:00 Window
• $ 0.238 Resistance locked in after 07:00 PM SALE OF CLIMATE OF 485.69 M BIND
• $ 0.226 Support looks 793.38 million. In the purchase page; $ 0.231 Secondary Resistance Hoods Rebounds
• Final Hour dealer in tight $ 0.2247- $ 0.2253 range with falling volume
Market analysis and financial factors
Whale and institutional profit at $ 0.238 resistance sets the tone of the session, triggering a collapse of below $ 0.23 and forcing gene test of $ 0.226. Support purchases were clearly at two large volume tips (11:00 and 21:00), but repeated refusals near $ 0.231 kept DOGE fixed.
With volume thinners in the sign of session, the structure suggests possible basic building-beautiful macro-wind could see $ 0.22 tested again.
Technical indicator analysis
• Resistance: $ 0.238 (rejection with high volume), $ 0.231 (Secondary Cap)
• Support: $ 0.226 preliminary defense, $ 0.2247- $ 0.2249 intraday floor
• 24-hour range: $ 0.019 (7.89% volatility)
• Volume Compression near low signals Possible sells fatigue
• Multiple failed outbreaks over $ 0.231 confirms the supply zone overhead
Which dealers are looking at
• gene test of $ 0.22, and whether the buyer flow reappears at key support
• Breakout -attempts over $ 0.231 as a first step toward recovery
• the effect of macro -headlines on wider meme — coin mood
• Signs of renewed whale accumulation after selling climax
