CoinDesk 2025-08-13 04:05:06

DOGE Rises 5.6% on $200M Whale Accumulation Despite Late-Session Selloff

Meme coin posts strong mid-session rally before profit-taking trims gains, with large-holder flows signaling sustained institutional interest. Technical Analysis Overview DOGE gains 5.6% in the 23-hour period ending August 13, climbing from $0.225 to $0.233 in an $0.0198 range (8.8% volatility). Morning trade establishes $0.220 as firm support on volume above the 24-hour average of 387.7M. Price accelerates between 12:00-20:00, rallying from $0.221 to $0.238 on sustained bid-side demand before evening resistance caps upside. The final hour sees a 1.3% drop from $0.235 to $0.232 as selling pressure builds. A breakdown at 02:00 sends price from $0.233 to $0.232 on 11M volume. Support reappears at $0.232 into the close, but rallies stall at $0.235. News Background Whale accumulation remained a key driver, with over 1B DOGE (valued at ~$200M) acquired in recent sessions. Large-holder ownership now approaches half the circulating supply, underscoring institutional confidence despite intraday volatility. Price Action Summary • DOGE rallies 5.6% from $0.225 to $0.233 in August 12 03:00–August 13 02:00 window • Mid-session surge from $0.221 to $0.238 sets session high before rejection • Late-session 1.3% drop trims gains, with $0.232 acting as final support • Whale accumulation tops 1B DOGE worth ~$200M Technical Indicators Analysis • Support: $0.220 (volume-backed morning defense), $0.232 (final-hour floor) • Resistance: $0.238 (session high), $0.235 (late-session cap) • 24-hour range: $0.0198 (8.8% volatility) • Largest volume spike: 387.7M+ during support retests and 11M on final-hour breakdown • Higher lows pattern intact despite pullback What Traders Are Watching • Retest of $0.238 resistance for breakout continuation • Stability of $0.232-$0.220 support band on further profit-taking • Persistence of whale accumulation flows in coming sessions • Impact of broader market volatility on meme coin positioning

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