“MEMECOIN HITS 22-CENTS WITH Explosive 1 Billion+ Trading Volume Durying Key Breakouts As Institutional Interest Builds.”, – WRITE: www.coindesk.com
(Coindesk Data)
- Doge Surged 8.4% to $ 0.22 In A Valatile 24-Hur Period, Driven by Two Breakout Waves.
- Trading Volume Exceeded 1 Billion, Significantly Higher than the 378 Million Daily Average.
- New Resistance is Noted at $ 0.222- $ 0.224, with Support Holding Above $ 0.220.
As per Coindesk Analytics, A New Resistance Forms at $ 0.2222- $ 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-chor session ENDING AUGUST 8
• Two Breakout Waves-10:00 Push to $ 0.213 and 19: 00-22: 00 Surge to $ 0.223-Drive Gainss
• WHALE ACCUMULATION TOPS 1 Billion Doge in 48 Hours, Lifting Institutional Confidentnce with Analyst Targets at $ 0.34 and $ 0.50
Technical Indicators Analysis• Price Gains 8.4% from $ 0.20 to $ 0.22 with 9.5% Volatility
• Two Rally Phases: 10:00 Breakout to $ 0.213, 19: 00-22: 00 Surge to $ 0.223
• Trading Volume Spikes Above 1 Billion Durying Breakouts Vs. 378 Million Average
• Resistance Set at $ 0.222- $ 0.224 with Firm Support Above $ 0.220
• Rsi Nearing Historical Breakout Thresholds Linked to 70% Rallies
• INVERSE HEAD-AAN-SHOULDERS PATTERN WITH LIQUIDATION Clusters Near $ 0.21
• Hourly Consolidation in $ 0.2208- $ 0.22223 Range On Deckling Volume
What Traders Are Watching• WHETHER WHALE-LED ACCUMULATION Triggers Short Squueze Above $ 0.223
• Breakout Confirmation Past $ 0.224 and Follow-Toward $ 0.25
• Sustaned Rsi OverbougHht Conditions As A Momentum Driver
• Impact of Broader Meme Coin Sentiment on Doge Flows
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.
FXPro Chief Market Analyst Alex Kuptsikevich Said The Rebound Aligns with “Growing Appetite in the Stock Markets,” But Warned that Btc is “Trapped in a Narrow Range.”
- Global Markets Showed Increased Risk Appetite, With Asian Equities and Cryptocurrencies Rising, While Oil Faced Its Largest Weekly Deckline Since June.
- The MSCI Asia Pacific Index Gained 0.5%, Marking ITS FIFTH CONSUCTIVE Day of Growth, As Japan’s Nikkei-225 Surged 2.3% Following Eased US-Japan Trade Tensions.
- The Total Crypto Market Cap Increated by 3%, Driven by Significant Gains in Altcoins, Thought Bitcoin’s Growth Was Modest Amid Cooling Demand and Increated Hedging in Op.
Read Full Story