Dogecoin Dragged Lower by Outflows With Technicals Flagging Bearish Continuation
Main Idea
Dogecoin (DOGE) experienced a 4% price drop amid increased trading activity and global economic concerns, with key resistance and support levels identified.
Key Points
1. Dogecoin fell 4% in 24 hours, dropping from $0.20 to $0.19 due to heightened trading activity and deteriorating global risk sentiment.
2. Support formed around $0.188–$0.190, with a volume spike to 667.44M, enabling a brief recovery to $0.194.
3. Resistance held at $0.202–$0.203, repeatedly rejecting upward price movements.
4. Traders are monitoring whether DOGE can maintain support at $0.19 or face further declines amid broader altcoin weakness.
Description
Dogecoin fell 4% in the 24-hour period ending August 3 at 04:00 (UTC+7), slipping from $0.20 to as low as $0.19 amid sharp spikes in trading activity and persistent macroeconomic headwinds. The move came as risk sentiment deteriorated globally, triggering institutional outflows across volatile crypto assets, particularly meme coins. What to Know DOGE traded in a volatile $0.01 range (7.14%) during the session, declining from $0.20 to $0.19 before staging a mild bounce. Volume surged to 918.53M a...
Latest News
- Crypto Hackers Capitalize on ETH Surge, Offloading $72M This Week2025-08-15 14:28:24
- Hyperbeat Secures $5.2M Backing From ether.Fi, Electric Capital2025-08-15 13:40:10
- BONK Holds Key Support After Heavy Selling Hits Solana Meme Token2025-08-15 13:35:33
- CoinDesk 20 Performance Update: Avalanche (AVAX) Gains 3.4% as Index Trades Higher2025-08-15 13:32:14
- Circle to Offer 10 Million Class A Shares at $130 Each2025-08-15 10:00:47