AUGUSTSEASON
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#USFedNewChair #Dogecoin #AUGUSTSEASON #ALTCOINSEASON #USFedBTCReserve DOGE Hits 23-Cents on Whale Buying, Supply Zone Stalls Breakout
The $0.22 level held firmly on multiple retests, drawing in leveraged long positioning. However, the $0.23 resistance zone triggered profit-taking from short-term traders and potential distribution from large holders.
What to know:
Over $200 million in DOGE was purchased within 24 hours, driven by whale-led accumulation.DOGE's price rose 4% from $0.22 to $0.23, with strong support at $0.22 and resistance at $0.23.The final trading hour saw a 1% drop to $0.227 due to institutional selling pressure.
Whale-led accumulation dominated early and mid-session flows, with over $200 million in DOGE purchased over 24 hours. The $0.22 level held firmly on multiple retests, drawing in leveraged long positioning. However, the $0.23 resistance zone triggered profit-taking from short-term traders and potential distribution from large holders.
Technical Analysis Overview
DOGE rises 4% in the 24-hour period ending August 9, climbing from $0.22 to $0.23 between August 8 04:00 and August 9 03:00. The move spans a $0.01 range, marking 5% volatility.
Support holds at $0.22 during the 05:00 session on strong bid-side volume of 262.2 million. Resistance emerges at $0.23 in the 14:00 hour as selling pressure accelerates, with volume peaking at 780.9 million. Supply zone above $0.23 caps upside momentum.
Price Action Summary
• DOGE rallies 4% from $0.22 to $0.23 during August 8 04:00–August 9 03:00 session, confirming $0.22 support
• Sharp 1% pullback in final 60 minutes as institutional selling pressure hits, dropping price to $0.227
• Whale accumulation tops 1 billion DOGE worth $200 million, lifting large-holder ownership close to half of circulating supply
Technical Indicators Analysis.$ETH $SOL $DOGE
The $0.22 level held firmly on multiple retests, drawing in leveraged long positioning. However, the $0.23 resistance zone triggered profit-taking from short-term traders and potential distribution from large holders.
What to know:
Over $200 million in DOGE was purchased within 24 hours, driven by whale-led accumulation.DOGE's price rose 4% from $0.22 to $0.23, with strong support at $0.22 and resistance at $0.23.The final trading hour saw a 1% drop to $0.227 due to institutional selling pressure.
Whale-led accumulation dominated early and mid-session flows, with over $200 million in DOGE purchased over 24 hours. The $0.22 level held firmly on multiple retests, drawing in leveraged long positioning. However, the $0.23 resistance zone triggered profit-taking from short-term traders and potential distribution from large holders.
Technical Analysis Overview
DOGE rises 4% in the 24-hour period ending August 9, climbing from $0.22 to $0.23 between August 8 04:00 and August 9 03:00. The move spans a $0.01 range, marking 5% volatility.
Support holds at $0.22 during the 05:00 session on strong bid-side volume of 262.2 million. Resistance emerges at $0.23 in the 14:00 hour as selling pressure accelerates, with volume peaking at 780.9 million. Supply zone above $0.23 caps upside momentum.
Price Action Summary
• DOGE rallies 4% from $0.22 to $0.23 during August 8 04:00–August 9 03:00 session, confirming $0.22 support
• Sharp 1% pullback in final 60 minutes as institutional selling pressure hits, dropping price to $0.227
• Whale accumulation tops 1 billion DOGE worth $200 million, lifting large-holder ownership close to half of circulating supply
Technical Indicators Analysis.$ETH $SOL $DOGE
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