Price Movement: Dogecoin ($DOGE
) plunged approximately 6.88%, moving from $0.24 down to $0.22 over the 24-hour period ending August 12.
Volume & Resistance: The heaviest selling pressure occurred around 07:00 on August 11, when the price slid from $0.238 to $0.233 on 485.69 million DOGE volume, which is around 31% above average, establishing $0.238 as a strong resistance.
Support Levels: Buyers stepped in around $0.226, with 793.38 million DOGE traded, while $0.231 acted as a secondary resistance where rebound attempts repeatedly failed.
Session Close: Trading in the final hour held tight between $0.2247–$0.2253 with shrinking volumes, suggesting potential seller exhaustion.
Broader Context: The selloff took place amid broader market weakness—heightened regulatory uncertainty and escalating global trade tensions have pressured risk assets, prompting institutional outflows from crypto positions
