Dogecoin dropped 5% from $0.22 to $0.21 on August 28–29, pressured by $200M in exchange inflows and institutional selling. Price action occurred within a $0.21–$0.23 range, with the strongest move in early morning trading.
Network strength remains robust, with hashrate above 2.9 PH/s. Technical indicators point to a neutral-to-bearish bias, with $0.21 as key support and $0.23 resistance. Traders are watching whale activity and futures open interest for further guidance.
