Doge’s price decreases 5% as the “lowest height” point points to more decreases



News history

  • Between August 24 to 25, a whale changed 900 million Dux (with a value of more than $ 200 million) to Binance, which caused fears of distribution of long -term holders.
  • Treasury bonds and institutional funds have reduced exposure to the mountain of memes as regulatory uncertainty and global wind assembly against winds against.
  • The network security force remains high, and Dogecoin hashrate exceeded 2.9 petahas per second, reflecting a robust mining participation despite prices volatility.
  • The broader cryptographic markets remain supported by the expectations of the flexibility of food policies, but Dege continues to delay specialties such as BTC and ETH.

Summary of the price action

  • Doge fell 5% during the 24 -hour session from August 28 at 09:00 to August 29 at 08:00, sliding from $ 0.22 to $ 0.21.
  • The Token quoted in a narrow range of $ 0.011, marked by a maximum at $ 0.23 and a minimum at $ 0.21.
  • The institutional sale was evident, with 626.3 million tokens transactions during morning trade as a support of $ 0.22.
  • The most acute movement occurred at 07: 24–08: 23 GMT Hour on August 29, when Doge fell 0.57% of $ 0.22 to $ 0.21 at a peak of 27.36 million in volume.

Technical analysis

  • Support: Initial stability was lost around $ 0.22; $ 0.21 now serves as the immediate floor.
  • Endurance: $ 0.23 remains the short -term limit, repeatedly rejecting manifestations.
  • Impulse: RSI looms near the mid -40, which shows a neutral load bias with limited potential force.
  • Volume: The daily turnover exceeded 280.5 million tokens; Institutional flows were concentrated during the maximum sales phases.
  • Indicators: Macd lines are diverging bassist, which suggests a higher risk of decline unless the price recovers $ 0.22.
  • Pattern: Atrat $ 0.21– $ 0.23 points out the consolidation corridor, but the lowest maximum point to a lower potential.

What merchants are seeing

  • $ 0.21 As critical support: a rest break exposes $ 0.20.
  • An impulse at $ 0.23 could rethink the short -term impulse and open the way to $ 0.25– $ 0.30.
  • Monitoring of whale exchange inputs after the transfer of $ 200 million to Binance.
  • Future open trends of interest, 8% earlier this week, as a speculative conviction meter.

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