#打榜优质内容# Whale Wallet accumulated a total of 680 million DOGE Tokens throughout August. Despite the Fluctuation driven by retail trading, the rise trend of institutional capital inflow has been consolidated.

Price Trend Summary
DOGE rose by 8% during the trading period from August 22 to 23, climbing from $0.22 to $0.24, with a fluctuation range of $0.02.
The most severe fluctuation occurred on August 22 at 14:00 GMT, when DOGE's trading volume reached 4.27 billion, soaring from $0.21 to $0.23, almost four times the hourly average trading volume.
After successfully retesting, the support level currently stands at $0.21, while the resistance level limits the rise to the psychological barrier of $0.24.
A surge in the late trading session rose from $0.23 to $0.24, an increase of 1%, reaching a peak trading volume of 28.1 million at 04:52 GMT, confirming the accumulation of funds.
Price trends show a series of higher lows, indicating persistent buying pressure and the potential for trend continuation.
Market Analysis
The breakout of DOGE is consistent with the broader rebound in cryptocurrencies, as risk appetite for both stocks and digital assets has improved. A combination of adjustments in Federal Reserve policy, the adoption of stablecoins at the state level, and high-profile mining acquisitions has amplified institutional involvement in a token typically viewed as purely retail-driven. The $0.24 level remains a key pivot point. Continued breakouts could open up momentum targets towards $0.26, while failed breakouts may face the risk of retesting the $0.21 support level.
Technical Indicators
In 24 hours, it rose from $0.22 to $0.24, an increase of 8%, with a trading range of $0.02.
The trading volume surged, exceeding the 30-day average by 97%, with 4.27 billion Tokens traded.
After retesting during the day, the support level at $0.21 has been confirmed.
The resistance level is reinforced at the psychological barrier of $0.24.
Consecutive higher lows indicate a bullish structure.
The trading volume surged to 28.1 million at 04:52 Greenwich Mean Time, confirming the inflow of institutional funds.
Trader Focus Points
Can DOGE establish $0.24 as a support level, thereby achieving a clean breakthrough to $0.26?
The ongoing accumulation trend of whales contrasts with retail investors potentially taking profits at resistance levels.
Wyoming has introduced the impact of state-supported stablecoins on the liquidity of meme coins.
The reaction of futures open interest after a strong spot-driven rebound.