Dogecoin (DOGE) stabilized near $0.251 after early session volatility, as whales and mid-tier wallets added 30 million DOGE, signaling accumulation. The token is consolidating within an ascending triangle pattern, while top 1% holders maintain control of over 96% of the supply.
Market Overview
Over the 24 hours leading to Oct. 6, DOGE traded in a 5.3% range between $0.251 and $0.265. The token opened at $0.258, briefly rallied to $0.264, and then fell under afternoon selling pressure. Support around $0.251–$0.252 held firm, and late-session buying stabilized the price near $0.254, suggesting 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 dragged the price lower, but $0.251–$0.252 support was repeatedly defended.
- A late-session dip to $0.2540 on 1.95M volume was quickly absorbed by buyers.
- Recovery flows stabilized the price near $0.254, with volumes averaging 5.2M and spiking to 33.1M during liquidations.
Technical Analysis
Support at $0.251–$0.252 remains solid, while resistance sits at $0.265, where profit-taking has capped upward moves. The price structure forms an ascending triangle, confirmed by accumulation signals from whales and mid-tier holders. A decisive move above $0.265 could open targets toward $0.27–$0.30.
Key Levels for Traders
- $0.25 as a structural support level for upcoming sessions.
- Continued whale accumulation beyond the 30M DOGE added.
- Breakout potential above $0.265 toward $0.27–$0.30.
- How concentrated supply (96% held by top wallets) might affect volatility at breakout points.
