Dogecoin has rebounded strongly at $ 0.21 low, ending at $ 0.22 after a late increase -volume and aggressive when the attack is threat.
New context
- DOGE faced pressures this month after reports are linked to the potential of Qubic, 51% attack, put retail traders and led the sale.
- Despite these risks, the data on a scale show which cohorts accumulated more than 680 million DOGE in August, compensating for retail.
- The broader feeling of the market has been mixed, Bitcoin and Ethereum consolidating itself near the peaks, letting Meekons exchange with disproportionate volatility.
Summary of price action
- DOGE increased by 5% within 24 hours ending on August 21 at 04:00, recovering from an intday bottom of $ 0.21 to end at $ 0.22.
- The tokeen struck its Low Artter 13:00 UTC session on August 20 before overthrowing the course in V recovery.
- The negotiation volume increased to 9.29 million in the last hour, adding 0.45% in the last section and confirming institutive size flows.
- This accumulated 680 million Doge August, positioning despite the current concerns concerning the potential attack of 51% of Qubic.
Technical analysis
- Key support took place at $ 0.21, TSTED in mid-session before a high volume inversion.
- The resistance stacked at $ 0.22, fixing a negotiation range of $ 0.01 for the session.
- An escape was triggered at 04:31 UTC with the volume peak of 9.29 million volumes marking the pivot of the session.
- A turnover supported at 6.8 million per minute during the last hour points to the largest buyers leading Momntum.
What traders look at
- What is $ 0.22 can go from resistance to support, opening the way to $ 0.23 – $ 0.24.
- Contindo has contained what positioning trends in the context of quibian security concepts.
- Strength of follow -up after
