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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