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- DOGE holds a strong $0.18–$0.20 support base for six weeks.
- Short-term and long-term holders are accumulating, boosting bullish potential.
- Signals suggest a possible near-term retest of $0.30.
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Dogecoin (DOGE) finds itself at a structural pivot, trading steadily between $0.18 and $0.20 for six weeks. This prolonged consolidation has reinforced strong support, suggesting the market is pausing before a potential breakout. Meanwhile, Open Interest (OI) has surged approximately 6%, indicating growing positioning ahead of a significant move. Traders now watch closely, as DOGE’s next leg could swing either toward a breakout or a bull trap.
Short-Term Holders Drive Momentum
DOGE’s recent 24-hour rally of 6.84% highlights the influence of short-term holders (STHs) in the current market cycle. Following Bitcoin’s surge past $110k, capital rotated into memecoins, fueling speculative bursts in Dogecoin. Historical trends show STHs have previously dominated during hype cycles, pushing DOGE past $0.50 before late buyers sold off. In 2025, STH accumulation appears to be gaining traction once again, hinting at a potential setup for upward momentum.
Also Read: Dogecoin Whales Dump 200M DOGE as ETF Speculation Fuels Breakout Hopes
Accumulation Signals Hint at Bullish Potential
The weekly chart shows DOGE forming its first higher low in mid-July around $0.20, locking in six weeks of sideways consolidation. During this period, STH supply increased from 33 billion to 37 billion coins, signaling that accumulation is quietly occurring. Additionally, a whale moved 10.366 million DOGE ($2.25 million) off Binance after two years of dormancy, indicating renewed confidence from long-term holders (LTHs). This combination of STH and LTH accumulation strengthens the case for a potential $0.30 retest in the near term.
A Key Moment for DOGE
With both short- and long-term holders boosting their exposure, Dogecoin sits at a decisive juncture. The current structural base, combined with growing OI and coordinated accumulation, sets the stage for a possible bullish breakout. Traders should watch DOGE closely, as momentum could accelerate quickly if these signals align.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
