Altcoins News
By MikeT
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Heavy Selling Sets $0.238 Resistance. The most intense wave of selling occurred at 07:00 UTC on August 11, when DOGE dropped from $0.
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Buyers Defend $0.226 Support. Despite the initial drop, buyers appeared at the $0.
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Broader Market Pressure. The pullback came amid weakness across the cryptocurrency sector, as regulatory uncertainty and…
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Price Action Recap
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Institutional and Whale Activity. Data suggests that larger holders initiated profit-taking around $0.
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Technical Analysis
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What Traders Are Watching. Going forward, traders will closely monitor the $0.22 level, which is the next key support zone.
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Conclusion. DOGE’s 7% drop to near $0.22 marks a significant technical test.
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DOGE faced sharp downward pressure over the last 24 hours, sliding nearly 7% from $0.24 to hover near the $0.22 mark.
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This selloff firmly established $0.238 as a major resistance level. The inability to reclaim this price point through multiple intraday rallies points to strong supply overhead,…
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Despite the initial drop, buyers appeared at the $0.226 level during the 11:00 session, generating 793.38 million in buy-side flows.
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By the final hour of the session, DOGE was range-bound between $0.2247 and $0.2253, with declining trade volume suggesting that sellers may be losing momentum.
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The pullback came amid weakness across the cryptocurrency sector, as regulatory uncertainty and global macroeconomic risks weighed on sentiment.
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These macro factors have contributed to institutional de-risking across digital asset holdings, with DOGE joining other major tokens in experiencing heightened volatility.
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Decline: -6.88% from $0.24 to $0.22 over August 11 01:00 to August 12 00:00
The Currency Analytics
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