DOGE Climbs 5.6% as Whale Accumulation Counters Profit-Taking Pressure
Dogecoin posted a 5.6% gain in the 23 hours ending August 13, lifted by sustained large-holder accumulation despite a modest late-session pullback. On-chain data shows over $200 million worth of DOGE acquired by whales, reinforcing a constructive outlook even amid broader market volatility.
Price Action and Technical Overview
- Intraday Range: DOGE rose from $0.225 to $0.233, with price action contained within an 8.8% range.
- Morning Support: $0.220 established as a key support zone with volume exceeding the 24-hour average of 387.7M DOGE.
- Mid-Session Rally: Accelerated gains occurred between 12:00 and 20:00, with price surging to $0.238 before encountering resistance.
- Late-Session Dip: A 1.3% pullback trimmed the token to $0.232, following an 11M DOGE volume spike at 02:00. Price stabilized at this level heading into the close.
Whale Activity Drives Confidence
Cumulative whale inflows surpassed 1 billion DOGE (~$200M) over the past 24 hours. With large-holder addresses now controlling nearly 50% of the total circulating supply, institutional accumulation remains a central theme, cushioning the asset from intraday volatility.
Key Technical Levels
- Support: $0.220 (early-session base), $0.232 (late-session stabilization)
- Resistance: $0.235 (intraday cap), $0.238 (session high)
- Volatility: 8.8% daily range
- Volume Peaks: Above 387.7M on early defense; 11M DOGE during late breakdown
Outlook
DOGE maintains a bullish structure supported by higher lows and ongoing large-bid demand. A confirmed breakout above $0.238 could open the path toward the $0.245–$0.250 range. Traders are monitoring the $0.232–$0.220 zone for signs of sustained whale support and consolidation strength.
