DOGE Price Declines 5% as 'Lower Highs' Point to Further Declines

1 day ago

News Background

Between August 24–25, a whale shifted 900 cardinal DOGE (worth implicit $200 million) to Binance, sparking fears of organisation from semipermanent holders.
Corporate treasuries and organization funds person reduced meme-coin vulnerability arsenic regulatory uncertainty and planetary macro headwinds mount.
Network information spot remains elevated, with Dogecoin’s hashrate topping 2.9 petahashes per second, reflecting robust mining information contempt terms volatility.
Broader crypto markets stay supported by expectations of Fed argumentation easing, but DOGE continues to lag majors similar BTC and ETH.

DOGE fell 5% during the 24-hour league from August 28 astatine 09:00 to August 29 astatine 08:00, sliding from $0.22 to $0.21.
The token traded wrong a constrictive $0.011 range, marked by a precocious astatine $0.23 and a debased astatine $0.21.
Institutional selling was evident, with 626.3 cardinal tokens transacted during greeting commercialized arsenic $0.22 enactment gave way.
The sharpest determination came successful the 07:24–08:23 GMT hr connected August 29, erstwhile DOGE dropped 0.57% from $0.22 to $0.21 connected a 27.36 cardinal spike successful volume.

Support: Initial stableness astir $0.22 was lost; $0.21 present serves arsenic the contiguous floor.
Resistance: $0.23 remains the near-term cap, repeatedly rejecting rallies.
Momentum: RSI hovers adjacent mid-40s, showing neutral-to-bearish bias with constricted upside strength.
Volume: Daily turnover exceeded 280.5 cardinal tokens; organization flows were concentrated during highest selling phases.
Indicators: MACD lines are diverging bearishly, suggesting further downside hazard unless terms reclaims $0.22.
Pattern: Tight $0.21–$0.23 corridor signals consolidation, but repeated little highs constituent to a imaginable continuation lower.

$0.21 arsenic the captious enactment — a interruption risks exposing $0.20.
A propulsion done $0.23 could reframe near-term momentum and unfastened the way toward $0.25–$0.30.
Monitoring whale speech inflows aft the $200 cardinal transportation to Binance.
Futures unfastened involvement trends, down 8% earlier this week, arsenic a gauge of speculative conviction.