DOGE Rally Stalls at 20-Cents, But Large Holder Activity Flashes Bullish Signs

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Updated Aug 4, 2025, 6:54 a.m. Published Aug 4, 2025, 6:54 a.m.

DOGE rose 5% during a 24-hour session, peaking at $0.200 before closing at $0.198.
The rally was driven by accumulation and large holder activity, with breakouts at $0.194, $0.196, and $0.198.
The token failed to sustain momentum above $0.20, indicating a potential consolidation phase.

DOGE rose 5% during the 24-hour session from August 2 at 21:00 to August 3 at 20:00, climbing from $0.189 to $0.200 before slipping slightly to close at $0.198.
The rally was driven by consistent accumulation and large holder activity, with key breakouts at $0.194, $0.196, and $0.198.
However, the token failed to maintain momentum above the $0.20 resistance and reversed during the final hour of trading, indicating a short-term top and setting the stage for a potential consolidation phase.

What to Know

STORY CONTINUES BELOW

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DOGE advanced from $0.189 to $0.200, a 6.17% intraday swing
Closed the session at $0.198, up 4.66%
Major breakout zones: $0.194, $0.196, $0.198
Strong volume spikes during upward moves exceeded 233 million daily average
Late-session pullback from $0.200 to $0.198 with declining momentum

News Background
DOGE’s move comes amid increased attention on high-volatility tokens as broader markets remain directionless. While bitcoin and ether hold steady, meme coins like DOGE have benefited from retail speculation and opportunistic institutional flows. Large holders reportedly accumulated 310 million DOGE tokens recently, bolstering confidence in the rally despite macro uncertainties.

Price Action Summary

Session high: $0.200; low: $0.189
Peak volatility during 19:08 to 20:07 window, where price retreated from $0.199 to $0.198
Break above $0.20 resistance was short-lived, with immediate rejection
Final two minutes of trading showed near-zero volume, suggesting market exhaustion

Technical Analysis

Initial support formed at $0.189 during early volatility
Resistance rejection at $0.200 formed a short-term ceiling
Uptrend momentum validated by volume bursts at $0.194 and $0.199
Reversal pattern developed after $0.20 was breached but not held
Declining peaks during final 30 minutes indicate distribution pressure

What Traders Are Watching

Key support range: $0.189 to $0.213
A successful retest of $0.20 could open upside toward $0.206–$0.212
Breakdown below $0.189 may send DOGE toward $0.14–$0.12
Volume trend and whale movement continue to signal near-term direction

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.

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