$DOGE

An analysis of the price movement shows that DOGE tested the $0.23 level between 9 a.m. and 10 a.m. on July 31 but failed to maintain that support. Later in the day, a sharp sell-off pushed the price down, with the biggest drop occurring after midnight.

The price touched a low of $0.20, where it found some stability and settled near $0.21, which shows short-term support. A slight recovery was seen in the next session, indicating short-term stability and a decrease in selling pressure.

Traders are watching to see if DOGE can hold the support range of $0.21 to $0.20 and whether institutional accounts that bought during the decline will increase their investments.

Additionally, U.S. inflation and the situation in Asian markets could also affect overall crypto market trends. The inclusion of DOGE in Bit Origin's strategy may have a positive impact on its future demand and price.