Dogecoin acted through heavy volatility during the window 24 to 26 August and swung within a range of $ 0.013 before the consolidated near $ 0.21. A sharp fall from $ 0.218 to $ 0.208 on August 25 came in the midst of a massive 1.57 billion volume, while the wider pressure was tied to a 900 million DOGE transfer to Binance, which was troubled traders.
Despite the caution in the short term, whales continue, leaving the mood split between degradation risks and dip -purchased optimism.
News Background
- Whale transfers added fuel to volatility: Between 24 to 25 August, a single 900 million DOGE ($ 200+ million) was moved to Binance from a long -term possession of wallet.
- The market sight was obtained for fear of a sale, with open interest in DOGE FUTURES, 8% fall as speculative dealers pared exposure.
- Despite the influx, data on chains shows whales accumulated over 680 million doers in August and opposed the retail distribution.
- FED chairman Powell’s Jackson Hole comments triggered a 12% meme coin-sector rally, which adjusted DOGE with a wider risk-on-Momentum.
Summary of Price Action
- DOGE published a 6.06% spread in the 23-hour session, which ended August 26 at 1 p.m. 12:00, which traded between $ 0.221 and $ 0.208.
- The sharpest move came in the course of 19: 00-20: 00 GMT on August 25, when DOGE dropped from $ 0.218 to $ 0.208 of 1.57 billion volume.
- Price also whipped after the whale transfer and swung from a $ 0.25 high to test $ 0.23 support before stabilization.
- A rebound lifted DOGE from $ 0.210 session low to $ 0.211 -$ 0.212 in 11: 27-12: 26 GMT window on August 26, helped by a 17.85 million volume spike at. 11:58.
Technical analysis
- Support established to $ 0.208 after the fall by high volume.
- The resistance is valid at $ 0.218- $ 0.221, restriction of events.
- Current consolidation between $ 0.210- $ 0.212 suggests accumulation.
- RSI recovered from oversold levels near 42 to the mid -50s and showed stabilizing momentum.
- MACD histogram narrowing towards Bullish Crossover, signaling the potential upward.
- Open interest rate down at 8% points to reduced speculative leverage, limits volatility, but also dampens the short term on the head.
- Sustained trade over $ 0.21 with elevated quantities (+16% against 30-day average) strengthen Bullish case.
Which dealers are looking at
- Bulls are targeted at a breakout against $ 0.23- $ 0.24 if consolidation resolves upwards and whale purchases persist.
- Bears highlight $ 0.208 as the most important downward trigger, with a break opening risk of $ 0.200.
- The run between exchange flow (distribution risk) and whale accumulation (supporting demand) remains the decisive factor for the next leg.
