{"id":35309,"date":"2025-08-31T21:51:16","date_gmt":"2025-08-31T21:51:16","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/35309\/"},"modified":"2025-08-31T21:51:16","modified_gmt":"2025-08-31T21:51:16","slug":"dogecoin-rebounds-from-0-21-floor-cup-and-handle-pattern-targets-0-30","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/35309\/","title":{"rendered":"Dogecoin Rebounds From $0.21 Floor, &#8216;Cup-and-Handle&#8217; Pattern Targets $0.30"},"content":{"rendered":"<p>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, according to CoinDesk Research&#8217;s technical analysis model.<\/p>\n<p>Between Aug. 24\u201325, an unknown whale shifted 900 million DOGE (~$200 million) to Binance wallets, fueling concerns of distribution and triggering market volatility, the model showed.<\/p>\n<p>Open interest in DOGE futures slipped 8% after the inflows, reflecting lighter speculative positioning. Meanwhile, on-chain data shows whales continue to build exposure, with 680 million DOGE accumulated in August, signaling institutional demand despite retail selling.<\/p>\n<p>However, Dogecoin\u2019s network fundamentals remain firm, with hashrate climbing above 2.9 petahashes per second, underscoring mining security at record levels.<\/p>\n<p>Price action summary<\/p>\n<ul class=\"unordered-list\">\n<li>DOGE dropped from $0.22 to $0.21 in the 24-hour trading window, a 5% decline across a $0.011 (\u22483%) range between $0.23 and $0.21.<\/li>\n<li>The sharpest move occurred at 07:24\u201308:23 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.<\/li>\n<li>Mid-session flows of 626.3 million tokens coincided with the $0.22 breakdown, cementing $0.21 as immediate support.<\/li>\n<li>Despite pressure, the token consolidated near $0.21 into the session close, suggesting stabilization after heavy liquidation.<\/li>\n<\/ul>\n<p>Technical analysis<\/p>\n<ul class=\"unordered-list\">\n<li><strong>Support<\/strong>: $0.21 holds as the primary floor; breach risks extension to $0.20.<\/li>\n<li><strong>Resistance<\/strong>: $0.23 remains the short-term ceiling after repeated rejections.<\/li>\n<li><strong>Momentum<\/strong>: RSI hovers near mid-40s, reflecting neutral-to-bearish bias.<\/li>\n<li><strong>MACD<\/strong>: Bearish divergence persists, with no confirmed crossover yet.<\/li>\n<li><strong>Patterns<\/strong>: Tight $0.21\u2013$0.23 consolidation suggests compression phase; direction will hinge on resolution of whale flows.<\/li>\n<li><strong>Volume<\/strong>: Elevated 626.3 million during the $0.22 breakdown signals continued institutional distribution.<\/li>\n<\/ul>\n<p>What traders are watching<\/p>\n<ul class=\"unordered-list\">\n<li>Whether $0.21 support can hold under ongoing whale selling.<\/li>\n<li>A breakout above $0.23 could open the path toward $0.25\u2013$0.30.<\/li>\n<li>Signs of renewed institutional accumulation as whales move supply onto exchanges.<\/li>\n<li>Futures open interest trends after the 8% drop, a key signal for leveraged demand.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"Dogecoin fell 5% in the 24-hour period from Aug. 28 at 09:00 to Aug. 29 at 08:00, tracking&hellip;\n","protected":false},"author":2,"featured_media":35310,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[175],"tags":[27453,79,18,19,17,188],"class_list":{"0":"post-35309","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-ai-market-insights","9":"tag-business","10":"tag-eire","11":"tag-ie","12":"tag-ireland","13":"tag-markets"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/35309","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=35309"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/35309\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/35310"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=35309"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=35309"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=35309"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}