News history
- Between August 24 to 25, a whale changed 900 million Dux (more than $ 200 million) in Binance wallets, which caused fears of a massive sale. Prices briefly fell from $ 0.25 to test $ 0.23 support in high volumes.
- Despite this, the data in the chain show that the whales accumulated 680 million dux to August, creating a warpage between distribution and accumulation.
- The positioning of the futures was weakened, with an 8% open interest slide after the transfer, highlighting a reduced speculative leverage.
- The broader feeling of Meme-Coin remains linked to macro signals, with Jackson Hole from Powell comments to feed a temporary rally throughout the sector.
Summary of the price action
- From August 27 at 03:00 to August 28 at 02:00, Dege traded in a strict range of $ 0.01 (3%), having around $ 0.22.
- The maximum institutional participation occurred at 20:00 GMT on August 27, when Dege advanced from $ 0.219 to $ 0.224 in 1.26 billion volume, almost 4 times the standard per hour.
- At the end of the session (01: 20–02: 19 GMT on August 28), Dege recovered from $ 0.219 to $ 0.224 Maximos Intraday before the earning taking returned it to the $ 0.220– $ 0.221 band.
Technical analysis
- Support: Solid offer interests around $ 0.219– $ 0.220 has emerged as the new floor.
- Endurance: $ 0.224– $ 0.225 continues to limit the short -term manifestations after repeated failures.
- Impulse: RSI stable in the mid -50s suggests equilibrium instead of acceleration of trends.
- Volume: Institutional peak at 1.26 billion tokens at $ 0.22 Mark accumulation interests, but the general decrease activity suggests consolidation.
- Patterns: The adjusted trade range indicates the compression phase; The resolution could prepare the stage for a directional breakup.
- Risk indicators: Futures OI Down 8% indicates lighter positioning: reducing immediate volatility but also with the condemnation by rupture.
What merchants are seeing
- If the $ 0.219 support is maintained under a greater distribution of whales.
- Breakout above $ 0.225 as a trigger for $ 0.23– $ 0.24.
- The sustained corporate accumulation of around $ 0.22 as evidence of treasure desks positioning before the broader market catalysts.
- Renewed leverage signs in futures markets that could amplify the next Doge directional movement.
