Dogecoin Consolidates Near $0.25 as Whales Accumulate Ahead of Potential Breakout

Dogecoin (DOGE) weathered early market turbulence before stabilizing within a tight range, showing signs of bullish accumulation. Institutional flows and whale activity are providing strong support around $0.251, forming the foundation for a potential breakout toward the $0.27–$0.30 zone.

In the 24 hours leading to October 6, DOGE traded a 5.3% range between $0.265 and $0.251. The token opened at $0.258, briefly surged to $0.264, and then faced selling pressure that pushed it lower. Despite the intraday decline, buyers defended the $0.251–$0.252 zone, stabilizing prices around $0.254 late in the session. Trading volumes averaged 5.2 million DOGE, spiking to 33.1 million during moments of liquidation—evidence of active market participation.

On-chain data reveals growing confidence among medium and large holders. Mid-tier wallets accumulated 30 million DOGE, bringing their collective holdings to 10.77 billion tokens. Meanwhile, the top 1% of addresses now control over 96% of the supply, a concentration that could amplify volatility once price momentum builds.

Technically, Dogecoin is consolidating within an ascending triangle pattern—a bullish formation suggesting mounting pressure toward a breakout. Support remains firm at $0.251–$0.252, while resistance at $0.265 represents the key barrier to watch. Sustained accumulation and a decisive push above this level could confirm an upside continuation toward $0.27 and potentially $0.30.

Traders are closely monitoring whether $0.25 can hold as the structural base heading into U.S. trading hours and if whale accumulation continues. If momentum strengthens, Dogecoin could soon test higher resistance levels, potentially marking the start of a renewed bullish phase.