Meanwhile, on-chain data shows whales accumulated 680 million DOGE during August. This indicates a tug-of-war between distribution and accumulation. Furthermore, open interest in the futures market dropped by 8%. This reflects a reduction in leveraged positions and lower speculative pressure. 

At the same time, the meme-coin market remained sensitive to macro signals. Powell’s Jackson Hole remarks triggered a temporary uplift across the sector. Investors continued closely monitoring DOGE’s movement around $0.22. 

DOGE Holds in a Narrow Range: Key Levels for Investors 

From August 27 03:00 to August 28 02:00, Dogecoin traded in a tight range near $0.22. Prices recovered from $0.219 support to reach $0.224. Institutional buying peaked at 1.26B volume on August 27 at 20:00 GMT. This was nearly four times the hourly average. The purchases briefly pushed the price to $0.224. 

Eventually, profit-taking brought DOGE back to the $0.220-$0.221 range. Moreover, a breakout above $0.225 could trigger a move toward $0.23-$0.24. Also, maintaining the $0.219 support level remains critical to limiting whale impact. 

Investors are watching whether institutional desks continue buying around $0.22. This could pave the way for a broader rally. Renewed leverage activity in the futures market is also a key indicator for DOGE’s next directional move. 

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According to Glassnode data, this rise shows LTHs losing confidence and liquidating their coins. Ethereum Liveliness is calculated as the ratio of coin days destroyed to coin days accumulated. When this ratio increases, distribution rises, and the accumulation phase ends. 

CMF Remains in Negative Territory 

The Chaikin Money Flow (CMF) indicator is currently at -0.08. A negative CMF signals reduced capital inflow to ETH and declining buying interest. This decline suggests most Ethereum investors prefer to stay on the sidelines due to market stagnation. Falling buying interest combined with selling pressure increases downward price pressure on ETH. 

New Lows Possible for Ethereum Price 

ETH is currently trading around $2,429. If LTH selling continues, the price could drop to $2,185 and then to $2,027. These levels are short-term support zones. According to FXStreet data, 72,000 ETH entered exchanges on June 20, indicating LTHs are preparing to sell and increasing market selling pressure. TradingView data shows Ethereum is the second most traded cryptocurrency with about 552K active addresses, reflecting direct trading activity only. 

Additionally, the daily (14-period) RSI for Ethereum was about 46.5 on June 21, 2025, a neutral zone around 50, indicating neither oversold (<30) nor overbought (>70) conditions. 

However, a potential demand rebound could reverse this downtrend. With renewed investor interest, ETH price could rise up to $2,745. For this scenario, market momentum must strengthen. 

NOT INVESTMENT ADVICE 

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Sui’s robust blockchain structure and growing adoption rates turned it into a closely watched project. A pivotal moment came when Sui completed a $100 million transaction volume with USDC, reinforcing trust in its platform.

Subsequently, meme projects joining the Sui ecosystem contributed significantly to the token’s rise. Notably, the successful presale and upcoming launch of Suirum generated major excitement, boosting investor interest. These developments, along with new token listings and community projects, further fueled the token’s ascent. However, after the rise, market dynamics shifted quickly. Increased selling pressure and market uncertainty led to a drop in Sui’s price to $2.94.

Technical analysis shows that Sui broke through its previous support levels, indicating a loss of momentum from buyers and an increase in selling pressure. This decline caused the token’s value to drop quickly. Sui’s journey highlights how rapidly changes can occur in the crypto world, underscoring the need for investors to remain vigilant.

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