DOGE Rebounds From $0.21 Floor, Cup-and-Handle Pattern Targets $0.30

22 hours ago

News Background

Dogecoin fell 5% successful the 24-hour play from Aug. 28 astatine 09:00 to Aug. 29 astatine 08:00, tracking broader risk-asset weakness.
Between Aug. 24–25, an chartless whale shifted 900 cardinal DOGE (~$200 million) to Binance wallets, fueling concerns of organisation and triggering marketplace volatility.
Open involvement successful DOGE futures slipped 8% aft the inflows, reflecting lighter speculative positioning.
On-chain information shows whales proceed to physique exposure, with 680 cardinal DOGE accumulated successful August, signaling organization request contempt retail selling.
Dogecoin’s web fundamentals stay firm, with hashrate climbing supra 2.9 petahashes per second, underscoring mining information astatine grounds levels.

DOGE dropped from $0.22 to $0.21 successful the 24-hour trading window, a 5% diminution crossed a $0.011 (≈3%) scope betwixt $0.23 and $0.21.
The sharpest determination occurred astatine 07:24–08:23 GMT connected Aug. 29, erstwhile DOGE fell 0.57% from $0.22 to $0.21 connected a 27.36 cardinal measurement spike astatine 08:20.
Mid-session flows of 626.3 cardinal tokens coincided with the $0.22 breakdown, cementing $0.21 arsenic contiguous support.
Despite pressure, the token consolidated adjacent $0.21 into league close, suggesting stabilization aft dense liquidation.

Support: $0.21 holds arsenic the superior floor; breach risks hold to $0.20.
Resistance: $0.23 remains the short-term ceiling aft repeated rejections.
Momentum: RSI hovers adjacent mid-40s, reflecting neutral-to-bearish bias.
MACD: Bearish divergence persists, with nary confirmed crossover yet.
Patterns: Tight $0.21–$0.23 consolidation suggests compression phase; absorption volition hinge connected solution of whale flows.
Volume: Elevated 626.3 cardinal during the $0.22 breakdown signals continued organization distribution.

Whether $0.21 enactment tin clasp nether ongoing whale selling.
Breakout supra $0.23 could unfastened way toward $0.25–$0.30.
Signs of renewed organization accumulation arsenic whales determination proviso onto exchanges.
Futures unfastened involvement trends aft the 8% drop, a cardinal awesome for leveraged demand.