Dogecoin News Today: "Whales Stake 10.77B DOGE in High-Stakes Battle for $0.265 Breakout"

Dogecoin (DOGE) has found critical support near $0.251, stabilizing amid heightened whale activity and forming an ascending triangle pattern on technical charts. Institutional flows and mid-tier wallet accumulation have bolstered the price, with large holders adding 30 million DOGE in a 24-hour period, pushing their combined holdings to 10.77 billion tokens. This surge in accumulation coincides with price consolidation within a $0.251–$0.265 range, as traders monitor whether the $0.25 level can serve as a springboard for a potential rally toward $0.27–$0.30 Dogecoin Holds $0.25 Support as Whales Add 30M DOGE Amid …^[1].

On-chain data reveals that the top 1% of addresses now control over 96% of the DOGE supply, a concentration that could amplify volatility around breakout levels. The token's 24-hour trading range narrowed to $0.251–$0.265, with afternoon selling pressure temporarily dragging the price lower before sustained buying interest stabilized it near $0.254. Final trading sessions saw a selloff to $0.2540, followed by a modest rebound, with volumes averaging 5.2 million and spiking to 33.1 million during liquidation phases Dogecoin Holds $0.25 Support as Whales Add 30M DOGE Amid …^[1].

Technical analysts highlight the formation of an ascending triangle, a pattern characterized by converging resistance and support lines. Key support remains anchored at $0.251–$0.252, where buyers have repeatedly defended dips. Resistance is currently at $0.265, with profit-taking stalls observed during upward attempts. The pattern suggests tight consolidation, reinforced by accumulation signals from large holders. A decisive move above $0.265 could trigger targets in the $0.27–$0.30 zone, aligning with historical price behavior Dogecoin Holds $0.25 Support as Whales Add 30M DOGE Amid …^[1].

The recent accumulation by mid-tier wallets-those holding 1–10 million DOGE-has further solidified bullish sentiment. These wallets added 30 million DOGE, pushing their combined holdings to 10.77 billion tokens. This activity, coupled with the ascending triangle, increases the probability of a near-term breakout. Analysts note that a trendline retest and the triangle's structure converge to heighten the likelihood of a bullish move, particularly if price holds above $0.25 .

Market participants are closely watching three key developments: the sustainability of the $0.25 support level, whether whale accumulation extends beyond the 30 million DOGE added, and a potential breakout above $0.265. A successful breakout could open the path to $0.27–$0.30, while a drop below $0.23 would threaten momentum. The concentrated supply controlled by top holders (96%) adds another layer of complexity, as any significant price movement could trigger sharp volatility Dogecoin Holds $0.25 Support as Whales Add 30M DOGE Amid …^[1].

Despite the bullish setup, risks remain. The ascending triangle pattern historically requires a breakout to validate the bullish case, and a failure to hold above $0.25 could lead to a retest of $0.22–$0.24 support. However, the sustained accumulation by large holders and the technical structure suggest a higher probability of a bullish resolution. Analysts project that if the $0.265 resistance is breached, the price could extend its rally toward $0.50, though this remains contingent on broader market conditions and liquidity .

Dogecoin's current trajectory reflects a blend of technical strength and on-chain positioning. With whales and mid-tier wallets reinforcing the $0.25–$0.265 range, the market is poised for a critical juncture. Traders are advised to prioritize confirmed breakout signals and manage risk with stops below $0.23. As the token consolidates within the ascending triangle, the next few trading sessions will be pivotal in determining whether DOGE can capitalize on its recent resilience to initiate a new upward trend Dogecoin Holds $0.25 Support as Whales Add 30M DOGE Amid …^[1].