“The $ 0.22 Level Held Firmly on Multiple Retests, Drawing in Levered Long Positioning. However, The $ 0.23 Resistance Zone Trigger-Taking from Short-Tertm Traders and Potential Distribution from Large Holders.”, – WRITE: www.coindesk.com
- Over $ 200 Million in Doge Was Purchased Within 24 Hours, Driven by Whle-Play Accumulation.
- Doge’s Price Rose 4% from $ 0.22 to $ 0.23, with Strong Support at $ 0.22 and Resistance AT $ 0.23.
- The Final Trading Hour Saw A 1% Drop to $ 0.227 Due to Institutional Selling Pressure.
Technical Analysis OverViewDoge Rises 4% in The 24-Hur Period Ending August 9, Climbing from $ 0.22 to $ 0.23 Between August 8 04:00 and August 9 03:00. The Move Spans A $ 0.01 Range, Marking 5% Volatility.
Support Holds at $ 0.22 Durying The 05:00 Session on Strong Bid-Side Volume of 262.2 Million. Resistance Emerges at $ 0.23 in The 14:00 Hour As Selling Pressure Accelerates, With Volume Peaking AT 780.9 Million. Suppply Zone Above $ 0.23 Caps Upside Momentum.
LATE-SESSION TRADE SEES A Sharp 1% Drop from $ 0.23 to $ 0.2227 Between 02:39 and 03:38. Breakdown Occurs at 03:34 on 11.4 Million Volume, Followed by a 24.1 Million Spike at 03:35. Price Consolidates in a Tight $ 0.227- $ 0.2229 Band Into the Close.
Price Action Summary?
• Sharp 1% PullBack in Final 60 Minutes As Institutesal Selling Pressure Hits, Droping Price to $ 0.227
• WHALE ACCUMULATION TOPS 1 BILLION DOGE WORTH $ 200 Million, Lifting Large-Holder Ownership Close to Half of Circulating Supple
Technical Indicators Analysis• $ 0.22 ConfirMed As Key Support with Volume-Backed Defense in Early Session
• $ 0.23 Resistance Reinforced by Heavy Supple and 780.9 Million Volume Peak
• LATE-SESSION BREAKDOWN Trigger On 11.4m Followed by 24.1m Volume Spike
• Final Hour Records 8X AVERAGE VOLUME, SIGNING INSTITATIONAL EXIT FLOWS
• WHALE ACCUMULATION AT 1 BILLION DOGE MARKS SIGNFICANT OWNERSHIP CONCENTATION
What Traders Are Watching• WHETHER $ 0.22 SUPPORT HOLDS ON THE NEXT TEST AMID CONTINUED WHALE ACTIVITY
• Breakout Potential Above $ 0.23 If Supple Zone Clears
• SIGNS OF SUSTAINED LARGE-HOLDER ACCUMULATION Versus Distribution Patterns
• Broader Meme Coin Sentiment as A Momentum Driver
Shaurya Holds Over $ 1,000 in Btc, Eth, Sol, Avax, Sushi, Crv, Near, YFI, YFI, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, CAKE, Vet, Vet, Vet RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, Banana, Rome, Burger, Spirit, and ORCA.
He Provides Over $ 1,000 to Liquidity Pools on Compound, Curve, Sushiswap, Pancakeswap, Burgerswap, Orca, AnaSwap, Spiritswap, Roki Protocol, Yearn Finance Olympusdao, Rome, Trader Joe, and Sun.
X Icon
All Content Produced by Coindesk Analytics is Undergoes Human Editing by Coindesk’s Editorial Team Before Publication. The Tool Synthesizes Market Data and Information from Coindesk Data and Other Sources to Create Timely Market Reports, with All External Sources Clearly Attributed Within Each.
Coindesk Analytics Operates Under Coindesk’s AI Content Guidelines, WHICH PRIORITIZE Accuracy, Transparency, and Editorial Oversight. Learn more about Coindesk’s Approach to Ai-Generated Content In Our Ai Policy.
XRP Surged More than 13% on Friday as the ripple-Sec Case Came to a Conclusive End.
- XRP Experienced A 5% Drop in Value Before Stabilizing, With Significant Trading Volume Highlighting Institutional Activity.
- The Sec and Ripple Labs have Concluded their Legal Dispute, Providing Regulatory Clarity for XRP.
- Japan’s SBI Holdings Has Filed for a Bitcoin-Xrp etf, Potentilly Influencing Future Market Dynamics.
Read Full Story