DOGE Surges 8% as Whale Buying Signals Bullish Breakout
Main Idea
DOGE surged 8.4% to $0.22 with trading volume exceeding 1 billion, driven by whale accumulation and institutional interest, with key resistance at $0.222-$0.224 and support above $0.220.
Key Points
1. DOGE price increased by 8.4% from $0.20 to $0.22 in a volatile 24-hour period.
2. Trading volume spiked above 1 billion during breakouts, significantly higher than the 378 million daily average.
3. New resistance is noted at $0.222-$0.224, with support holding above $0.220.
4. Whale accumulation topped 1 billion DOGE in 48 hours, boosting institutional confidence.
5. Analysts highlight an inverse head-and-shoulders pattern and RSI nearing historical breakout thresholds linked to 70% rallies.
Description
DOGE jumped 8.4% in the 24-hour period ending August 8, climbing from $0.20 to $0.22 in a two-phase rally. Price action spans a $0.021 range, marking 9.5% volatility. As per CoinDesk analytics, a new resistance forms at $0.222-$0.224, while support holds at $0.220. Consolidation appears likely before the next directional move. Price Action Summary • DOGE rallies 8.4% from $0.20 to $0.22 in a volatile 24-hour session ending August 8 • Two breakout waves — 10:00 push to $0.213 and 19:00-22:00 surg...
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