Dogecoin shows notable price fluctuations and trading volumes in recent days of August 2025. Let's explore the key events and their impact on the cryptocurrency market.
Price Overview and Trading Activity
From August 26 to 27, Dogecoin surged approximately 4.15%, rising from about $0.2098 to $0.2185. This movement reflects renewed buyer interest after a recent dip. Previously, Doge fell by 2.8%, breaking below the support level at $0.21485 and testing lower levels around $0.207 before bouncing back.
Technical Signals and Chart Patterns
On August 26, traders noted a TD Sequential buy signal emerging after a series of red candles, often interpreted as a short-term bullish sign. The formation of a cup-and-handle pattern also indicated longer-term upside potential, with technical targets set at $0.82 (handle depth) and $2.18 (full cup projection).
Impact of Whales and Market Volatility
A significant transfer of 900 million DOGE to a major exchange between August 24 and 25 triggered substantial volatility, including a swift drop from about $0.218 to near $0.208. Despite selling pressure, on-chain data shows continued whale accumulation, with over 680 million DOGE added to large wallets during August.
The situation with Dogecoin highlights how technical signals can influence market sentiment for meme cryptocurrencies even in the absence of significant news. Whale movements play a key role, causing spikes and dips and underscoring elevated volatility, while emerging chart patterns suggest potential for further growth.
