Dogecoin Holds $0.25 Support as Whales Add 30M DOGE Amid 'Ascending Triangle' Pattern

Dogecoin weathered aboriginal volatility earlier settling into a choky band, with organization flows anchoring enactment adjacent $0.251. Whales and mid-tier wallets boosted holdings, signaling accumulation arsenic method patterns compress into an ascending triangle. Traders are present watching if $0.25 tin harden into a motorboat basal toward $0.27–$0.30.

News Background

DOGE traded a 5.3% scope successful the 24 hours to Oct. 6, 03:00, moving betwixt $0.265 and $0.251. The token opened astatine $0.258, rallied concisely to $0.264, past faded into day selling pressure.
By precocious session, enactment held steadfast successful the $0.251–$0.252 portion arsenic buying involvement stabilized terms adjacent $0.254. On-chain information showed mid-tier wallets added 30M DOGE, lifting their combined holdings to 10.77B tokens, portion apical 1% addresses present power implicit 96% of supply.

Price Action Summary

• DOGE swung done a $0.014 corridor, peaking astatine $0.265 and bottoming astatine $0.251.
• Afternoon selloff dragged terms lower, but $0.251–$0.252 enactment held connected sustained buying.
• Late trading stabilized terms astatine $0.254, hinting astatine level formation.
• Final 60 minutes saw a selloff to $0.2540 followed by a humble rebound, with volumes averaging 5.2M and spiking to 33.1M during liquidation.

Technical Analysis

• Key enactment is anchored astatine $0.251–$0.252, wherever buyers repeatedly defended dips. Resistance sits astatine $0.265, with profit-taking stalling advances.
• The operation reflects choky consolidation wrong an ascending triangle, confirmed by accumulation signals.
• On-chain metrics suggest positioning is shifting toward ample holders, reinforcing the bullish setup. A decisive determination supra $0.265 could trigger targets successful the $0.27–$0.30 zone.

What Traders Are Watching?

• If $0.25 continues to clasp arsenic the structural level into U.S. hours.
• Whether whales widen accumulation beyond the 30M tokens added this session.
• A breakout effort supra $0.265 to unfastened way toward $0.27–$0.30.
• The interaction of concentrated proviso (96% with apical holders) connected volatility astir breakout levels.