“Amid an ascending triangle pattern, Dogecoin’s $0.25 support is reinforced by 30 million DOGE added by whales.”

Dogecoin (DOGE) found support near $0.251 after early session volatility, with whales and mid-tier wallets adding 30 million DOGE, signaling continued accumulation. The token is consolidating within an ascending triangle pattern, while the top 1% of holders maintain control of over 96% of the circulating supply.

Market Overview
Over the 24-hour period leading to Oct. 6, DOGE traded in a 5.3% range, moving between $0.251 and $0.265. The token opened at $0.258, spiked to $0.264 in early trading, and later fell amid afternoon selling pressure. Support around $0.251–$0.252 remained intact, with late-session buying stabilizing the price near $0.254, indicating a potential floor formation.

Price Action Highlights

• DOGE traded in a $0.014 intraday corridor, peaking at $0.265 and bottoming at $0.251.
• Afternoon selling pressure drove the price lower, but $0.251–$0.252 support was repeatedly defended.
• A late dip to $0.2540 on 1.95M volume was absorbed by buyers.
• Recovery flows stabilized price near $0.254, with volumes averaging 5.2M and spiking to 33.1M during liquidations.

Technical Analysis
Key support lies at $0.251–$0.252, while resistance is capped at $0.265, where profit-taking has limited further gains. DOGE is forming an ascending triangle, confirmed by accumulation from whales and mid-tier holders. A clear breakout above $0.265 could target $0.27–$0.30.

Traders’ Focus

• Monitoring whether $0.25 continues to hold as a structural support.
• Tracking additional accumulation by whales beyond the 30M DOGE added.
• Watching for a breakout above $0.265 toward $0.27–$0.30.
• Considering the impact of concentrated supply (96% held by top wallets) on volatility near breakout levels.