Dogecoin News Today: Dogecoin Near $0.25 Resistance as 2 Billion Tokens Accumulated by Large Holders

Dogecoin (DOGE) has drawn renewed attention from traders and technical analysts as it forms an ascending triangle pattern near $0.235, suggesting the potential for a 50% rally if the price breaks above $0.25 with strong volume. The coin has seen a 20% surge over the past week, following a 7.6% increase in the prior three months, indicating a gradual shift in market dynamics after months of consolidation [1].

The triangle pattern, a well-known bullish formation, is now taking shape on the daily chart, with rising lows converging against a resistance ceiling at $0.25. A decisive close above this level would confirm the pattern’s validity and could propel DOGE toward $0.28 and, subsequently, $0.36—a price level that represents nearly 50% growth from current levels [1]. Growing trading volume supports the possibility of a breakout, acting as a reinforcing tailwind for buyers entering the fray [1].

On-chain data adds nuance to the analysis. On August 10, net inflows on exchanges turned negative by $52 million, but this reversed to a $2.7 million positive flow the following day, signaling increased activity and positioning by traders. Additionally, 84% of DOGE holders are currently in profit, a metric that mirrors levels seen before a prior correction in July [1]. This suggests that while bullish sentiment is building, profit-taking pressure may also create volatility in the short term.

The most immediate resistance level stands at $0.29, a price that has previously rejected DOGE three times this year. A successful clearance of this barrier would confirm the triangle’s bullish implications and open the path toward the $0.36 target. However, the path is not without complexity. The Spent Output Profit Ratio recently hit 1.045, a level that has historically signaled profit-taking and preceded price declines [1]. This, combined with rising inflows to exchanges, underscores the mixed signals traders are navigating.

At the same time, fractal analysis places DOGE within a historical buy zone, a region where past cycles have often triggered significant price surges. This coiled-spring dynamic, coupled with rising volume and a bullish MACD crossover, points to a market poised for a decisive move [1]. While the $0.25–$0.29 price corridor remains the immediate focus, the broader narrative is one of potential and uncertainty.

Analysts have also noted the accumulation of around 2 billion DOGE tokens by large holders, a sign that significant supply is being held in anticipation of a breakout [2]. This accumulation, combined with the recent price action, suggests a growing consensus that DOGE could be entering a new phase of growth. Some analysts have even suggested the potential for a 100% rally if the breakout extends beyond the triangle’s upper boundary [2], though these remain forecasts rather than current market conditions.

The growing interest in DOGE is not isolated. Its price movement has sparked broader discussions about the potential for meme coins to regain market relevance, with DOGE at the forefront of these discussions. While the coin does not currently show signs of reaching the $0.70 level often cited in speculative forecasts, the path to $0.36 is being viewed as a critical test of its momentum [3].

As the market approaches these key levels, traders are advised to closely monitor both volume and price action. A clean break above $0.25 and $0.29 would not only validate the bullish technical setup but also signal a potential reinvigoration of the meme coin sector. However, any failure to maintain momentum could lead to a consolidation phase or even a retracement, reinforcing the need for careful risk management.

Sources:

[1] title: Dogecoin (DOGE) Price: 2 Billion Token Accumulation Sets ...

url: https://coincentral.com/dogecoin-doge-price-2-billion-token-accumulation-sets-stage-for-major-breakout/

[2] title: Dogecoin Live News Today: Latest Insights for Doge ...

url: https://www.mitrade.com/insights/news/live-news/article-3-1039313-20250814

[3] title: DOGE Price Prediction: This Hidden Signal Could Trigger ...

url: https://thetradable.com/crypto/doge-price-prediction-this-hidden-signal-could-trigger-220-gains-before-2025-ends-1--v