Dogecoin (DOGE) fell 5% from $0.22 to $0.21 in the August 28–29 session, pressured by $200 million in whale-driven exchange inflows. Institutional selling and broader market caution weighed on the meme token as regulatory uncertainty and macroeconomic headwinds persist.
Despite the price pullback, Dogecoin’s hashrate remained strong at 2.9 PH/s, reflecting continued mining participation. While broader crypto markets benefit from expectations of Fed easing, DOGE has lagged major tokens like BTC and ETH.
Immediate support is at $0.21, with resistance near $0.23. Traders are closely watching whale activity and futures open interest trends for signs of market direction.
About The Author
More Stories
Crude exported from the Middle East climbs above $100 per barrel. Here’s the potential impact on bitcoin.
Bitcoin’s pullback may persist as whale selling into retail accumulation points to a bearish market signal.
Despite behaving like a tech stock at times, bitcoin continues to offer portfolio diversification benefits, according to an analyst