DogeCoin fell 4% in a period of 24-hour to 04:00 (UTC+7) on August 3, trading activation and performance in macroeconomic headwinds to reduce $ 0.20 to $ 0.20 to $ 0.19 between sharp spikes.
The move came globally as a sense of risk, which triggers institutional outflows in volatile crypto assets, especially meme coins.
what to know
- The DOGE ($ 0.20) trades into a volatile $ 0.01 range (7.14%), which submerges the session, decreased from $ 0.20 to $ 0.19 before staging a mild bounce.
- Volume increased to 918.53m at 06:00 and at 14:00 to 502.81m, both indicated high-concert exit, except for the 24h average of 385.67m.
- The support occurred around $ 0.188 – $ 0.190, where the volume rose to 667.44m, leading to a brief recovery to $ 0.194.
- $ 0.202 – Resistance on $ 0.203 reflects updated updated updates.
News background
After the end of a mutual tariff structure, there was a decline of dog amidst global trade tension, which facing 92 counties with elevated trade obstacles.
The Federal Reserve kept the rates stable this week, to monitor the trade data, which has reduced the September rate cut market barriers and weighed heavily on high-bit assets.
Price action summary
- High: $ 0.203
- Less: $ 0.188
- Closed: $ 0.195
- 24H Range: $ 0.015 (7.14%)
technical analysis
- Dogi faced aggressive resistance to $ 0.202 -$ 0.203 zone, rejecting several rallies.
- $ 0.188- $ 0.190 area absorbed peak selling pressure, with high-lecrators prints to hold bottom or accumulation interest.
- Last 60-minute session (03: 55-04: 54)
- The volume session became late in the session, but remains above the baseline, indicating the capacity for continuous instability.
What are the traders watching
- Can Dogo Dogi $ 0.19 support or widely break forward amidst the weakness of the altcoin.
- Macro risk factors such as American rate path, global trade policy change, and away from liquidity winding away from meme property.
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