_CryptOQueeN_
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📊 Technical Analysis of DOGE (Dogecoin)
$DOGE
Period: From August 2 at 21:00 to August 3 at 20:00
Price Movement:
The price increased from $0.189 to $0.200 (an increase of 6.17%)
The price closed at $0.198 (a daily increase of 4.66%)
The session faced strong resistance at $0.200 and the price failed to hold above it
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✅ Positive Signals in Movement
A significant increase in trading volume exceeding the daily average of 233 million, especially during the rise.
Noticeable activity from large holders (whales) as more than 310 million DOGE were accumulated, temporarily boosting market confidence.
Clear technical breakouts occurred at levels $0.194, $0.196, and $0.198, which supported the momentary rise.
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⚠️ Concerning Signals to Watch Out For
Clear price rejection at the level of $0.200, indicating strong resistance and the possibility of a short-term peak forming.
A significant drop in trading volume during the last minutes of the session, reflecting a state of hesitation or exhaustion in the market.
A reversal pattern began to appear immediately after failing to maintain the level of $0.200.
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🔎 What are traders watching now?
Indicator Interpretation
Strong Support Located between $0.189 and $0.190
Next Resistance Area Between $0.206 and $0.212
Successful Retest of Level $0.200 Could lead to a new rise
Breaking Support at $0.189 Could push the price down towards the areas of $0.14 – $0.12
$DOGE
Period: From August 2 at 21:00 to August 3 at 20:00
Price Movement:
The price increased from $0.189 to $0.200 (an increase of 6.17%)
The price closed at $0.198 (a daily increase of 4.66%)
The session faced strong resistance at $0.200 and the price failed to hold above it
---
✅ Positive Signals in Movement
A significant increase in trading volume exceeding the daily average of 233 million, especially during the rise.
Noticeable activity from large holders (whales) as more than 310 million DOGE were accumulated, temporarily boosting market confidence.
Clear technical breakouts occurred at levels $0.194, $0.196, and $0.198, which supported the momentary rise.
---
⚠️ Concerning Signals to Watch Out For
Clear price rejection at the level of $0.200, indicating strong resistance and the possibility of a short-term peak forming.
A significant drop in trading volume during the last minutes of the session, reflecting a state of hesitation or exhaustion in the market.
A reversal pattern began to appear immediately after failing to maintain the level of $0.200.
---
🔎 What are traders watching now?
Indicator Interpretation
Strong Support Located between $0.189 and $0.190
Next Resistance Area Between $0.206 and $0.212
Successful Retest of Level $0.200 Could lead to a new rise
Breaking Support at $0.189 Could push the price down towards the areas of $0.14 – $0.12
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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