DOGE Rebounds From $0.21 Floor, Cup-and-Handle Pattern Targets $0.30

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The meme token posts a late-session rally on Aug. 30–31, with whale and exchange flows highlighting ongoing institutional participation despite macro uncertainty.

By Shaurya Malwa

Updated Aug 31, 2025, 5:34 a.m. Published Aug 31, 2025, 5:34 a.m.

Dogecoin fell 5% in 24 hours, influenced by broader risk-asset weakness and significant whale activity.
An unknown whale transferred 900 million DOGE to Binance, sparking market volatility and a drop in futures open interest.
Despite retail selling, institutional demand is evident with 680 million DOGE accumulated in August, while network fundamentals remain strong.

Dogecoin fell 5% in the 24-hour period from Aug. 28 at 09:00 to Aug. 29 at 08:00, tracking broader risk-asset weakness.
Between Aug. 24–25, an unknown whale shifted 900 million DOGE (~$200 million) to Binance wallets, fueling concerns of distribution and triggering market volatility.
Open interest in DOGE futures slipped 8% after the inflows, reflecting lighter speculative positioning.
On-chain data shows whales continue to build exposure, with 680 million DOGE accumulated in August, signaling institutional demand despite retail selling.
Dogecoin’s network fundamentals remain firm, with hashrate climbing above 2.9 petahashes per second, underscoring mining security at record levels.

DOGE dropped from $0.22 to $0.21 in the 24-hour trading window, a 5% decline across a $0.011 (≈3%) range between $0.23 and $0.21.
The sharpest move occurred at 07:24–08:23 GMT on Aug. 29, when DOGE fell 0.57% from $0.22 to $0.21 on a 27.36 million volume spike at 08:20.
Mid-session flows of 626.3 million tokens coincided with the $0.22 breakdown, cementing $0.21 as immediate support.
Despite pressure, the token consolidated near $0.21 into session close, suggesting stabilization after heavy liquidation.

Support: $0.21 holds as the primary floor; breach risks extension to $0.20.
Resistance: $0.23 remains the short-term ceiling after repeated rejections.
Momentum: RSI hovers near mid-40s, reflecting neutral-to-bearish bias.
MACD: Bearish divergence persists, with no confirmed crossover yet.
Patterns: Tight $0.21–$0.23 consolidation suggests compression phase; direction will hinge on resolution of whale flows.
Volume: Elevated 626.3 million during the $0.22 breakdown signals continued institutional distribution.

Whether $0.21 support can hold under ongoing whale selling.
Breakout above $0.23 could open path toward $0.25–$0.30.
Signs of renewed institutional accumulation as whales move supply onto exchanges.
Futures open interest trends after the 8% drop, a key signal for leveraged demand.

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The token slips from $3.02 to $2.89 in the August 28–29 window on above-average volumes before recovering toward $2.83–$2.89 support zones. Oversold signals and whale accumulation offset persistent selling pressure

What to know:

XRP fell 4.3% in 24 hours, with Korean exchanges absorbing 16 million XRP, indicating institutional demand.
South Korea’s speculative trading history suggests regional demand is stabilizing XRP prices.
Technical indicators show potential recovery momentum, with key support at $2.85–$2.86 and resistance at $3.02.

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