DOGE Rises 5.6% on $200M Whale Accumulation Despite Late-Session Selloff
Main Idea
DOGE experienced a 5.6% rally driven by significant whale accumulation, reaching a peak of $0.238 before a late-session selloff reduced gains, with key support and resistance levels identified.
Key Points
1. DOGE rose 5.6% from $0.225 to $0.233, peaking at $0.238 before profit-taking caused a 1.3% drop.
2. Whale investors acquired over 1 billion DOGE (~$200M), indicating strong institutional interest.
3. Key support levels were established at $0.220 and $0.232, with resistance at $0.238.
4. The 24-hour trading range was $0.0198 (8.8% volatility), with notable volume spikes during support retests.
5. Traders are monitoring a potential retest of the $0.238 resistance level and the stability of the $0.220-$0.232 support band.
Description
Meme coin posts strong mid-session rally before profit-taking trims gains, with large-holder flows signaling sustained institutional interest. Technical Analysis Overview DOGE gains 5.6% in the 23-hour period ending August 13, climbing from $0.225 to $0.233 in an $0.0198 range (8.8% volatility). Morning trade establishes $0.220 as firm support on volume above the 24-hour average of 387.7M. Price accelerates between 12:00-20:00, rallying from $0.221 to $0.238 on sustained bid-side demand before e...
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