DOGE Rises 5.6% on $200M Whale Accumulation Despite Late-Session Selloff

2 months ago 7

Macro sentiment remains influenced by broader risk markets, but DOGE’s higher lows and persistent whale bids keep the near-term structure constructive.

Updated Aug 13, 2025, 4:05 a.m. Published Aug 13, 2025, 4:05 a.m.

What to know:

DOGE experienced a 5.6% rally, peaking at $0.238 before profit-taking reduced gains.
Whale investors acquired over 1 billion DOGE, signaling strong institutional interest.
Key support levels were established at $0.220 and $0.232, with resistance at $0.238.

Meme coin posts strong mid-session rally before profit-taking trims gains, with large-holder flows signaling sustained institutional interest.

Technical Analysis Overview

DOGE gains 5.6% in the 23-hour period ending August 13, climbing from $0.225 to $0.233 in an $0.0198 range

(8.8% volatility)

Morning trade establishes $0.220 as firm support on volume above the 24-hour average of 387.7M. Price accelerates between 12:00-20:00, rallying from $0.221 to $0.238 on sustained bid-side demand before evening resistance caps upside.

The final hour sees a 1.3% drop from $0.235 to $0.232 as selling pressure builds. A breakdown at 02:00 sends price from $0.233 to $0.232 on 11M volume. Support reappears at $0.232 into the close, but rallies stall at $0.235.

News Background

Whale accumulation remained a key driver, with over 1B DOGE (valued at ~$200M) acquired in recent sessions. Large-holder ownership now approaches half the circulating supply, underscoring institutional confidence despite intraday volatility.

Price Action Summary

• DOGE rallies 5.6% from $0.225 to $0.233 in August 12 03:00–August 13 02:00 window
• Mid-session surge from $0.221 to $0.238 sets session high before rejection
• Late-session 1.3% drop trims gains, with $0.232 acting as final support
• Whale accumulation tops 1B DOGE worth ~$200M

Technical Indicators Analysis

• Support: $0.220 (volume-backed morning defense), $0.232 (final-hour floor)
• Resistance: $0.238 (session high), $0.235 (late-session cap)
• 24-hour range: $0.0198 (8.8% volatility)
• Largest volume spike: 387.7M+ during support retests and 11M on final-hour breakdown
• Higher lows pattern intact despite pullback

What Traders Are Watching

• Retest of $0.238 resistance for breakout continuation
• Stability of $0.232-$0.220 support band on further profit-taking
• Persistence of whale accumulation flows in coming sessions
• Impact of broader market volatility on meme coin positioning

Shaurya Malwa

Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.

Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.

He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.

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