-
Back to menu
Prices
-
Back to menu
-
Back to menu
Indices -
Back to menu
Research
-
Back to menu
Events -
Back to menu
Sponsored
-
Back to menu
Videos -
Back to menu
-
Back to menu
-
Back to menu
Webinars
Select Language
By Shaurya Malwa, CD Analytics
Updated Aug 11, 2025, 6:42 a.m. Published Aug 11, 2025, 6:42 a.m.
- DOGE increased by 3% within a 24-hour period, with a significant volume spike indicating potential for a breakout.
- Rising global economic uncertainty is driving institutional interest in cryptocurrencies as hedging tools.
- Whale accumulation in DOGE suggests strategic positioning amid macroeconomic volatility.
DOGE gains 3% in the 24-hour period ending August 11, rallying from $0.23 to $0.24 between August 10 05:00 and August 11 04:00. The most aggressive move comes in the 01:00-02:00 hour on August 11, when price jumps from $0.23 to $0.24 on 829.05 million volume — more than double the 24-hour average of 334.71 million.
Resistance emerges at $0.24 after high-volume rejection, while support consolidates at $0.23-$0.232. Elevated volume combined with higher lows signals accumulation pressure, positioning DOGE for a potential breakout if $0.24 clears.
STORY CONTINUES BELOW
The rally comes amid rising global economic uncertainty, with trade policy shifts and geopolitical tensions prompting investors to diversify into alternative assets. Monetary policymakers in major economies are monitoring developments closely, with inflation expectations and interest rate outlooks in flux.
In this environment, institutional players have stepped up participation in cryptocurrencies — including meme assets — as hedging and diversification tools. Whale activity in DOGE has surged, with over 1 billion tokens worth roughly $200 million accumulated in recent sessions.
• DOGE rallies 3% from $0.23 to $0.24 between August 10 05:00 and August 11 04:00
• 01:00-02:00 breakout sees 829.05M volume, more than double daily average
• Resistance set at $0.24; support confirmed at $0.23-$0.232
• Whale accumulation tops 1B DOGE worth ~$200M
The sustained whale buying underscores confidence in DOGE’s positioning during macro uncertainty. Institutional inflows into the $0.23 support zone suggest strategic accumulation rather than short-term speculation. The macro backdrop — defined by trade disputes and shifting rate expectations — is driving increased allocations to digital assets as perceived uncorrelated hedges.
• $0.23-$0.232 support reinforced by heavy buy-side volume
• $0.24 resistance marked by high-volume rejection
• 24-hour range spans $0.01 (5% volatility)
• Breakout hour volume of 829.05M exceeds average by 148%
• Higher lows pattern supports bullish continuation setup
• Breakout confirmation above $0.24 for upside continuation toward $0.25-$0.26
• Persistence of whale accumulation amid macro volatility
• Impact of global trade policy changes on broader crypto sentiment
• Whether volume trends remain elevated into next resistance test
Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.
Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.
He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.
CoinDesk Analytics is CoinDesk’s AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets.
All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk’s editorial team before publication. The tool synthesizes market data and information from CoinDesk Data and other sources to create timely market reports, with all external sources clearly attributed within each article.
CoinDesk Analytics operates under CoinDesk’s AI content guidelines, which prioritize accuracy, transparency, and editorial oversight. Learn more about CoinDesk’s approach to AI-generated content in our AI policy.
More For You
By James Van Straten, AI Boost|Edited by Sheldon Reback
3 minutes ago
BTC nears record highs, but history suggests the $119,000 futures gap could invite a pullback.
What to know:
- CME bitcoin futures closed Friday at $117,430 and reopened Monday with a gap after the spot price hit $119,000 over the weekend.
- Traders warn that gaps are often filled, though strong momentum near all-time highs can create “runaway gaps” that remain open longer.
