Major Investors Drive Dogecoin’s Dynamic 24-Hour Surge
Main Idea
Dogecoin (DOGE) experienced significant trading activity and price movements in a 24-hour period, driven by major investors, with key support and resistance levels identified.
Key Points
1. Dogecoin's price increased by 4% from August 8 to August 9, supported at $0.22, with major investors purchasing one billion DOGE.
2. The price reached $0.23, acting as a strong resistance level, with trading volume peaking at 780.9 million DOGE around 2:00 PM.
3. A 1% price drop occurred in the last hours of trading, shifting from $0.23 to $0.227, followed by fluctuating volumes between 11.4 million and 24.1 million DOGE.
4. $0.22 was identified as a psychological and volume-based support level, while $0.23 was a key resistance level.
5. Analysts noted the importance of monitoring price levels and volumes due to large investor activity.
Description
Dogecoin saw a 4% rise amidst major investors purchasing over $200 million in DOGE. The price found support at $0.22, tested resistance at $0.23, then faced selling pressure. Continue Reading: Major Investors Drive Dogecoin’s Dynamic 24-Hour Surge The post Major Investors Drive Dogecoin’s Dynamic 24-Hour Surge appeared first on COINTURK NEWS .
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