Major Investors Drive Dogecoin’s Dynamic 24-Hour Surge

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.