DOGE jumped 8.4% in the 24-hour period ending August 8, climbing from $0.20 to $0.22 in a two-phase rally. Price action spans a $0.021 range, marking 9.5% volatility. As per CoinDesk analytics, a new resistance forms at $0.222-$0.224, while support holds at $0.220. Consolidation appears likely before the next directional move. Price Action Summary • DOGE rallies 8.4% from $0.20 to $0.22 in a volatile 24-hour session ending August 8 • Two breakout waves — 10:00 push to $0.213 and 19:00-22:00 surge to $0.223 — drive gains • Whale accumulation tops 1 billion DOGE in 48 hours, lifting institutional confidence with analyst targets at $0.34 and $0.50 Technical Indicators Analysis • Price gains 8.4% from $0.20 to $0.22 with 9.5% volatility • Two rally phases: 10:00 breakout to $0.213, 19:00-22:00 surge to $0.223 • Trading volume spikes above 1 billion during breakouts vs. 378 million average • Resistance set at $0.222-$0.224 with firm support above $0.220 • RSI nearing historical breakout thresholds linked to 70% rallies • Inverse head-and-shoulders pattern with liquidation clusters near $0.21 • Hourly consolidation in $0.2208-$0.2223 range on declining volume What Traders Are Watching • Whether whale-led accumulation triggers short squeeze above $0.223 • Breakout confirmation past $0.224 and follow-through toward $0.25 • Sustained RSI overbought conditions as a momentum driver • Impact of broader meme coin sentiment on DOGE flows
