Dogecoin in the last 24 hours $0.223457 (Doge) There have been significant developments in transaction volume and price movements. In this process, where major investors came to the fore, more than $ 200 million were purchased in total. The price completed the day by testing $ 0.22 and testing $ 0.23. In addition to the masses who purchase in this range, the sales of short -term investors were also effective.
Corporate purchases and support levels
Dge, a 4 percent rise from the morning of August 8 to 9 August 9 percent. The price found $ 0.22 in succession during the day. High -volume purchases were effective in preserving this level, while the transactions of some major investors (WHAL) drew attention. With this procurement movement, which reached one billion Dog, a total of, it is claimed that large investors hold about half of the circulating supply.
The $ 0.23 level, which was reached in the middle of the day, worked as a strong resistance point. The supply increase at this level led to an increase in sales pressure and the price could not continue the upward movement. Volume data reached the summit with 780.9 million Doge at around 14.00.
Volatility and last hour sales volume
In the last hours of the day, the price rise stopped and a 1 percent decrease in one hour tongue. This decline occurred rapidly from $ 0.23 to $ 0.227. In a short period of time, 11.4 million, then 24.1 million units in Doge, and the price of $ 0.227-0,229 fluctuated.
In the meantime, the average volume was reached about eight times. Especially in recent hours, these sudden sales were interpreted as the international big investors closed their positions more actively.
Analysts, “While the volume of transaction at the levels of significant support and resistance increases, it is observed that institutional actors exit from the positions,” they evaluated.
Technical Indicators and Investor Expectations
Technically, $ 0.22 came to the forefront as a psychological and volumetric support. While intensive purchases were observed at this level, $ 0.23 was determined as a short -term ceiling with a high transaction volume. Technical indicators pointed out that investors will be cautious about whether a new upward movement will be seen if the level of $ 0.22 will be re -tested in the near future and if a new upward movement will be seen if it is exceeded by $ 0.23.
Analysts pointed out that the price levels and volumes should be considered with the accumulation process of major investors, ”Analysts said.
On the other hand, some market participants think that the general trend that stands out on social media may direct the price. Investors take into account the potential of market sense to lead to new fluctuations.
In general, the sales pressure of short -term investors with long -term accumulation movements seen in the low price range continues to determine the direction of the market. Technical and volume -based indicators indicate that volatility can continue in the short term.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
