DOGE Jumps 5.6% as $200M Whale Buys Offset Late Pullback
Dogecoin extended its upward trajectory on August 13, gaining 5.6% as large-scale accumulation by whale addresses drove strong intraday momentum. While a late-session selloff trimmed gains, the coin maintained a bullish structure supported by rising lows and sustained demand from institutional wallets.
Price and Volume Action
DOGE rose from $0.225 to $0.233 over a 23-hour window, trading within a $0.0198 range (8.8% volatility). The morning session confirmed strong support at $0.220, with trading volumes surpassing the daily average of 387.7 million DOGE.
Between 12:00 and 20:00, the token rallied from $0.221 to $0.238, driven by consistent bid-side pressure. However, gains were capped in the evening as DOGE pulled back to $0.232, with resistance holding firm at $0.235.
A final-hour drop from $0.235 to $0.232—down 1.3%—came amid a brief volume spike of 11 million, suggesting measured profit-taking rather than trend reversal. DOGE closed near session highs with higher lows still intact.
Institutional Flows Support Price Floor
Recent on-chain data highlights over 1 billion DOGE, worth roughly $200 million, accumulated by whales in recent days. These flows pushed large-holder ownership close to 50% of circulating supply—evidence of growing institutional confidence despite near-term volatility.
Technical Snapshot
- Support: $0.220 (morning base), $0.232 (final-hour rebound)
- Resistance: $0.235 (intraday cap), $0.238 (session high)
- Key Volume Events: >387.7M DOGE on early support confirmation, 11M during late pullback
- Trend: Higher lows and consistent whale bids support a bullish continuation
Market Context and Outlook
Despite mixed macro signals across broader risk markets, DOGE’s intraday resilience—backed by volume and large-wallet activity—suggests the asset remains well-positioned for a push toward the $0.238–$0.245 resistance band.
Traders are watching for a clean breakout above $0.238, while continued accumulation near $0.232–$0.220 would keep the structure bullish. Any further whale buying could accelerate the move.
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