“Whale accumulation of 30 million DOGE bolsters $0.25 support amid ascending triangle formation.”

Dogecoin (DOGE) found support near $0.251 after early session volatility, with whales and mid-tier wallets adding 30 million DOGE, signaling accumulation as the token consolidates within an ascending triangle pattern. Top 1% holders continue to control over 96% of the supply, maintaining a concentrated ownership structure.

Market Overview
Over the 24 hours leading to Oct. 6, DOGE traded within a 5.3% range, moving between $0.251 and $0.265. The token opened at $0.258, spiked to $0.264, and then fell amid afternoon selling pressure. Support near $0.251–$0.252 held firm, and late-session buying stabilized the price around $0.254, hinting at a potential floor formation.

Price Action Highlights

DOGE moved through a $0.014 intraday range, peaking at $0.265 and bottoming at $0.251.
Selling pressure pushed the price down, but support at $0.251–$0.252 was defended repeatedly.
A late dip to $0.2540 on 1.95M volume was quickly absorbed by buyers.
Recovery flows stabilized the price near $0.254, with rebound volumes averaging 5.2M per bar and spiking to 33.1M during liquidations.

Technical Analysis
Support at $0.251–$0.252 remains strong, while resistance sits at $0.265, where profit-taking has slowed upward momentum. The price is consolidating in an ascending triangle pattern, supported by accumulation from larger holders. A breakout above $0.265 could open the path toward $0.27–$0.30, reinforced by continued whale and mid-tier activity.

Traders’ Focus

Whether $0.25 holds as a solid floor through U.S. trading hours.
Additional accumulation by whales beyond the 30M DOGE added in this session.
Potential breakout above $0.265 toward $0.27–$0.30.
Impact of concentrated supply (96% held by top wallets) on volatility near breakout levels.