Dogecoin (DOGE) stabilized near $0.251 after early-session volatility, bolstered by accumulation from whales and mid-tier wallets adding 30 million DOGE. The token is consolidating within an ascending triangle, while top 1% holders continue to control over 96% of the total supply.
Market Overview
In the 24 hours leading to Oct. 6, DOGE traded in a 5.3% range, moving between $0.251 and $0.265. The token opened at $0.258, briefly spiked to $0.264, and then retreated amid afternoon selling pressure. Support in the $0.251–$0.252 zone held firm, and late-session buying stabilized the price near $0.254, indicating a developing floor.
Price Action Highlights
- DOGE moved within a $0.014 intraday range, peaking at $0.265 and bottoming at $0.251.
- Selling pressure pushed the price lower, but support at $0.251–$0.252 was repeatedly defended.
- A late-session dip to $0.2540 on 1.95M volume was quickly absorbed by buyers.
- Recovery flows stabilized price near $0.254, with average volumes of 5.2M and spikes to 33.1M during liquidation events.
Technical Analysis
Support is anchored at $0.251–$0.252, while resistance remains at $0.265, where profit-taking has capped gains. DOGE’s price action forms an ascending triangle, confirmed by accumulation signals from whales and mid-tier holders. A decisive break above $0.265 could open the path toward $0.27–$0.30.
Key Levels for Traders
- $0.25 as a potential structural floor in upcoming sessions.
- Continued accumulation by whales beyond the 30M DOGE added.
- Breakout potential above $0.265 toward $0.27–$0.30.
- The effect of concentrated supply (96% held by top wallets) on volatility near breakout levels.
