News background
- Between August 24, August 25, the whale has turned 900 million dusk (with a value of more than 200 million dollars) to Binance, raising fears of distribution from long -term holders.
- The tanks of corporate and institutional funds have reduced the exposure to the M and the M and organizational uncertainty and the global total wind mountain.
- The strength of the network safety remains high, as it leads the Dogoin 2.9 PeThashes in the second, reflecting the participation of strong mining despite the fluctuation of prices.
- The broader encryption markets remain supported by the expectations of reducing the federal reserve policy, but Dog continue to delay specializations such as BTC and ETH.
Summary of the price procedure
- Dog fell by 5 % during a 24 -hour session from August 28 at 09:00 to August 29 at 08:00, sliding from $ 0.22 to $ 0.21.
- The distinctive symbol was traded in a tight range of $ 0.011, characterized by a height at $ 0.23 and reduced at $ 0.21.
- The institutional sale was clear, as 626.3 million symbols were handled during the morning trade, as it gave $ 0.22 support.
- The most severe step at 07: 24-08: 23 GMT came on August 29, when Dog fell by 0.57 % from $ 0.22 to $ 0.21 at an altitude of 27.36 million in size.
Technical analysis
- SupportInitial stability is about $ 0.22; $ 0.21 is now the instant floor.
- resistance0.23 dollars remains the maximum in the near -term, and repeatedly rejects gatherings.
- batchRSI hovering near the mid -1940s, and shows a neutral to dangerous bias with limited upward strength.
- QuantityDaily rotation exceeding 280.5 million symbols; Institutional flows were focused during the peak sales stages.
- IndicatorsMacd lines are quietly varying, indicating more negative risks unless the price recovers $ 0.22.
- pattern: Narrow 0.21 – 0.23 US dollars unifying the circuits of the corridor, but the frequent low highlands indicate a decrease in a possible continuation.
What the merchants see
- $ 0.21 as decisive support – a risk break of $ 0.20.
- Payment through $ 0.23 may reformulate the momentum in the near term and opens the path about 0.25-0.30 dollars.
- Monitor whale exchange flows after transferring $ 200 million to Binance.
- Future benefits trends, a decrease of 8 % earlier this week, as a measure of speculative condemnation.
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