DOGECOIN has advanced more than 7% in the past 24 hours, which has been filed over $ 200 million in whale purchases and a sharp revolt in positioning derivatives. Memecoin destroyed the resistance level of $ 0.25, triggered by a volume-led breakout and sends an open interest above $ 3 billion. Ownership of large owners only seats 50%, emphasizing the growing institutional participation.
Technical patterns suggest further upside down towards the area of $ 0.27, with full emotion.
News background
- The whale accumulation crossed 1 billion Doge tokens (worth $ 200 million) in the past 24 hours.
- Ownership of large owners is close to 50%, a threshold that last approaches the previous top tops.
- Doge Futures open interest exceeds $ 3 billion, indicating a sharp return of leveraged positioning.
- The broader strength of the crypto market is supportive of the rally, with a risk of risk boosted by those acquired in the equity market.
Summary of price action
- Doge rallied from $ 0.24 to $ 0.25 to 24 hours period from August 13 05:00 to August 14 o’clock 04:00 (+7%).
- Trade ranges cut $ 0.24- $ 0.26, reflecting 9% volatility of intraday.
- Breakout above $ 0.25 occurred during the night hours following the previous integration.
- Volume during breakout phases that significantly exceed the day -to -day averages, which peek at 29.2 million in a single minute.
- The final time showed stabilization at $ 0.25 after a short pullback.
Technical analysis
- Breakout from the bullish flag pattern of short -term target projects near $ 0.27.
- The $ 0.25 is now acting as fresh support after many successful retests.
- The resistance stands at $ 0.26, with a clean move above the path opening to $ 0.27.
- The volume profile indicates strong accumulation rather than speculation -haaka churn.
- Futures oi and funding rates suggest prolonged positioning in the near term.
What do entrepreneurs watch
- Ability $ 0.25 support to hold on to any Intraday pullbacks.
- Break above $ 0.26 to confirm continuity towards $ 0.27.
- The whale wallet flows for signs of ongoing accumulation.
- Spike rates of funding that can signal extra longs.
- Correction with greater risk-on moves with equality.
