Dogecoin Holds $0.25 Support as Whales Add 30M DOGE Amid 'Ascending Triangle' Pattern
Dogecoin weathered early volatility before settling into a tight band, with institutional flows anchoring support near $0.251. Whales and mid-tier wallets boosted holdings, signaling accumulation as technical patterns compress into an ascending triangle. Traders are now watching if $0.25 can harden into a launch base toward $0.27–$0.30.
News Background
DOGE traded a 5.3% range in the 24 hours to Oct. 6, 03:00, moving between $0.265 and $0.251. The token opened at $0.258, rallied briefly to $0.264, then faded into afternoon selling pressure.
By late session, support held firm in the $0.251–$0.252 zone as buying interest stabilized price near $0.254. On-chain data showed mid-tier wallets added 30M DOGE, lifting their combined holdings to 10.77B tokens, while top 1% addresses now control over 96% of supply.
Price Action Summary
- DOGE swung through a $0.014 corridor, peaking at $0.265 and bottoming at $0.251.
- Afternoon selloff dragged price lower, but $0.251–$0.252 support held on sustained buying.
- Late trading stabilized price at $0.254, hinting at floor formation.
- Final 60 minutes saw a selloff to $0.2540 followed by a modest rebound, with volumes averaging 5.2M and spiking to 33.1M during liquidation.
Technical Analysis
- Key support is anchored at $0.251–$0.252, where buyers repeatedly defended dips. Resistance sits at $0.265, with profit-taking stalling advances.
- The structure reflects tight consolidation inside an ascending triangle, confirmed by accumulation signals.
- On-chain metrics suggest positioning is shifting toward large holders, reinforcing the bullish setup. A decisive move above $0.265 could trigger targets in the $0.27–$0.30 zone.
What Traders Are Watching?
- If $0.25 continues to hold as the structural floor into U.S. hours.
- Whether whales extend accumulation beyond the 30M tokens added this session.
- A breakout attempt above $0.265 to open path toward $0.27–$0.30.
- The impact of concentrated supply (96% with top holders) on volatility around breakout levels.
Source: Dogecoin Holds $0.25 Support as Whales Add 30M DOGE Amid 'Ascending Triangle' Pattern (https://www.coindesk.com/markets/2025/10/06/dogecoin-holds-usd0-25-support-as-whales-add-30m-doge-amid-ascending-triangle-pattern)