$DOGE Dogecoin saw a surge on August 9 as whales scooped up over $200 million worth of DOGE in just 24 hours. The buying spree pushed prices from $0.22 to $0.23, but strong resistance quickly stopped the rally in its tracks.
Key Highlights:
🐋 Whale Power: 1 billion $DOGE (worth $200M) bought in a single day.
📈 Price climbed 4% from $0.22 to $0.23.
🛡️ Support: $0.22 held firm after multiple tests.
🚧 Resistance: $0.23 zone saw heavy selling and profit-taking.
📉 Final hour drop of 1% to $0.227 due to institutional selling pressure.
Technical Takeaways:
$0.22 remains the critical support level for bulls.
$0.23 resistance zone capped upside momentum with peak volumes of 780.9M.
Final trading hour recorded 8× average volume, signaling big money exiting.
Why It Matters:
Whale accumulation is concentrating $DOGE ownership, with large holders now controlling nearly half the circulating supply. If $0.22 continues to hold, another breakout attempt above $0.23 could be on the horizon.
Do you think whales are gearing up for a bigger Dogecoin rally, or is this just a short-term pump?