General description of the technical analysis
Doge earns 3% in the 24 -hour period ending on August 11, receiving from $ 0.23 to $ 0.24 between August 10 05:00 and August 11 04:00. The most aggressive movement comes in 01: 00-02: 00 on August 11, when the price jumps from $ 0.23 to $ 0.24 in 829.05 million volume, more than double the 24-hour average of 334.71 million.
The resistance arises at $ 0.24 after the high volume rejection, while the support is consolidated at $ 0.23- $ 0.232. High volume combined with a greater pressure of accumulation of minimum signals, positioning Dux for a potential break if $ 0.24 is erased.
News history
The rally occurs in the midst of the growing global economic uncertainty, with changes in commercial policy and geopolitical tensions that lead investors to diversify in alternative assets. The monetary policy formulators in the main economies are closely monitoring the developments, with expectations of inflation and perspectives of interest rates in the flow.
In this environment, institutional players have intensified participation in cryptocurrencies, including meme assets, as coverage and diversification tools. The activity of whales in Doge has increased, with more than one billion tokens worth approximately $ 200 million accumulated in recent sessions.
Summary of the price action
• Doge handles 3% of $ 0.23 to $ 0.24 between August 10 05:00 and August 11 04:00
• 01: 00-02: 00 Breakout VE 829.05M Volume, more than double average daily
• Resistance established at $ 0.24; Confirmed support at $ 0.23- $ 0.232
• The accumulation of whales heads 1b dux worth ~ $ 200 million
Market analysis and economic factors
The purchase of sustained whales underlines confidence in Doge’s positioning during the macro uncertainty. Institutional entries in the support zone of $ 0.23 suggest strategic accumulation instead of short -term speculation. The macro backdrop, defined by commercial disputes and exchange rate expectations, is promoting increased allocations to digital assets such as hedges without perceived correlates.
Analysis of technical indicators
• $ 0.23- $ 0.232 reinforced support for a heavy volume on the purchase side
• $ 0.24 resistance marked by high volume rejection
• The 24 -hour range covers $ 0.01 (5%volatility)
• Breaking time volume of 829.05m exceeds the average by 148%
• The highest minimum pattern admits the optimized continuation configuration
What merchants are seeing
• Confirmation of rupture above $ 0.24 for continuation up to $ 0.25- $ 0.26
• Persistence of whale accumulation in the midst of macro volatility
• Impact of changes in global commercial policy in the broader cryptographic feeling
• If volume trends remain high in the following resistance test
