Dogcoin $0.212557 (Doge) closed the day at 0.22 dollars with intensive transaction volume and purchases of large investors after declining to $ 0.21. This recovery took place despite the ongoing Safety Risks of Qubic. In particular, the serious volume increase observed in the last part of the session was effective in the price movement and attracted the attention of investors.
Background of developments
The fluctuations in Dogecoin accelerated this month with the talk of a possible 51 percent attack by Qubic. Some of the investors preferred to sell due to this risk. However, according to the data on Blokzincir, the Great Doge holders contributed to the impact of these sales by taking a total of 680 million domans in August. The general atmosphere in the sector is mixed.
Bitcoin 
$113,239.43 and Ethereum 
$4,161.19 While the main digital assets, such as high levels of horizontal course, are observed in popular community -based digital assets. Although Dogecoin has sold many small investors, it showed a striking change with the purchases of large investors.
Price movements and volume analysis
Doge won 5 percent in 24 hours up to 21 August 04.00 and recovered from $ 0.21 and closed at $ 0.22. Token, which decreased to the lowest level at 16:00 on August 20 TSI, then experienced a rapid rise in a short time. Especially in the last hour of the session, the transaction volume reached 9.29 million, and this high volume pointed out that institutional -sized transactions took place.
Stating that the major purchases are effective, the analyzes show that “a total of 680 million dogs during August shows that the desire of the big players to stay in the market despite the continuation of the Qubic threat,” he said.
TECHNICAL Appearance and Followed Levels
In technical analysis, the level of $ 0.21 worked as an important base during the day. This region was tested with intensive sales pressure in the middle of the session, but it turned its direction up with a strong volume support. The $ 0.22 level came to the fore as resistance and caused prices to be stuck in this range during the day. The rapid increase in the volume at the end of the session was considered as a pivot point of price rise.
At the last hour, approximately 6.8 million doge changes hands per minute, while this size transactions often pointed to large investors. It is followed by investors whether the level of $ 0.22 will work as a support and whether the price can proceed to the range of 0.23-0.24 dollars.
The observers carefully examine the fact that large investors continue to stay in the market despite the continuation of the security risks of Qubic. It is seen as an important element that will determine the permanence of rapid recovery whether the purchases to be experienced after a sudden volume splash.
A market observer, “If the sudden increase in volume continues to procure this recovery may be ensured. Otherwise, the jam may continue,” he said.
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.
