Dogecoin fell 5% in the 24 -hour period from August 28 at 09:00 to August 29 at 08:00, tracking a broader weakness of the risk asset.
Between August 24 to 25, an unknown whale changed 900 million dux (~ $ 200 million) Binance wallets, feeding distribution and trigger concerns of market volatility.
The open interest in Doge’s futures fell 8% after tickets, which reflects the lighter speculative positioning.
The data in the chain show that the whales continue to build exhibition, with 680 million dux accumulated in Augustpointing out the institutional demand despite the retail sale.
The foundations of the Dogecoin network are still firm, with the hashrate uploading up 2.9 Petahas per secondunderlining mining security at record levels.
Summary of the price action
Doge fell from $ 0.22 to $ 0.21 in the 24 -hour negotiation window, a 5% decrease in a range of $ 0.011 (≈3%) between $ 0.23 and $ 0.21.
The most acute movement occurred at 07: 24–08: 23 GMT on August 29, when Dege fell 0.57% of $ 0.22 to $ 0.21 in an increase in volume of 27.36 million at 08:20.
The session flows in the middle of 626.3 million tokens coincided with the breakdown of $ 0.22, cementing $ 0.21 as immediate support.
Despite the pressure, the Token consolidated about $ 0.21 at the close of the session, which suggests stabilization after strong liquidation.
Technical analysis
Support: $ 0.21 remains the main floor; Risk extension at $ 0.20.
Endurance: $ 0.23 is still the short -term roof after repeated rejections.
Impulse: RSI looms less than mid -40, reflecting the neutral bias to the load.
Macd: The bassist divergence persists, without a crossover yet confirmed.
Patterns: Appeared $ 0.21– $ 0.23 The consolidation suggests compression phase; The direction will depend on the resolution of whale flows.
Volume: Elevated 626.3 million during breakdown signals of $ 0.22 Continuous institutional distribution signals.
What merchants are seeing
If the $ 0.21 support can keep under the sale of whales in progress.
The rupture above $ 0.23 could open a road to $ 0.25– $ 0.30.
The signs of renewed institutional accumulation as the whales move the supply to exchanges.
Futures open interest trends after the 8%drop, a key signal for leverage demand.
