Dogecoin (DOGE) Sees Massive Accumulation: 27.4 billion DOGE Clustered at $0.08, Analyst Says

• Over 27.4 billion DOGE held at $0.08 forms a major on-chain support wall.
• Rising exchange inflows hint at increasing trader activity that has preceded rebounds before.
• DOGE’s exchange supply flip and accumulation signals strengthen.

Dogecoin (DOGE) now sees a major concentration of holders at the $0.08 cost basis, according to a new on-chain update from market analyst Ali (@ali_charts). Marking it as DOGE’s most decisive support zone heading into late 2025. With more than 27.4 billion DOGE accumulated at this price level, it is evident that long-term holder confidence is strong, and they may even show resilience to overall market volatility.

Massive Accumulation at $0.08 Becomes DOGE’s Key Support

According to the heatmap shared from Glassnode’s Cost Basis Distribution, a large portion of DOGE’s circulating supply was accumulated around the $0.08 region. This clustering of long-term holders signals that the buyers on this level are unlikely to sell during small dips. And the sellers above this range could be resisted strongly if DOGE were to retrace.

Historically, the support at $0.08 has been a cushion for Dogecoin (DOGE) during its corrective phases. The latest reading strengthens this narrative.

Also Read: How High Can Dogecoin (DOGE) Rise in November 2025?

Current Trend and Key Technical Levels

Dogecoin (DOGE) currently has a market capitalization of approximately $24.02 billion, with a trading volume of about $1.9 billion in the last 24 hours. At press time, the altcoin is trading at $0.158, having increased by 1.09% over the past 24 hours.

Source: CoinMarketCap

The price is moving in a bullish trend and is currently testing a resistance level near $0.162. If it breaks above this, the next target could be $0.180. On the downside, the support level is around $0.151. If the altcoin falls below this level, we might see a drop towards $0.140.

Source: TradingView

The blue line indicates the resistance level at $0.162, while the yellow line represents the support level at $0.151.

Dogecoin Exchange Supply Turns Positive

Ali’s latest on-chain chart depicts DOGE flipping net exchange position positive once again. A shift that has historically aligned with short-term price recoveries. While increased supply on exchanges can be an indication of selling pressure, past patterns suggest DOGE usually bounces shortly after such spikes.

The recent on-chain move of Dogecoin (DOGE), highlighted by rising inflows to exchanges and renewed accumulation patterns, adds another layer of optimism to the current setup. Though volatility is still part of this equation, these metrics do hint at growing confidence and a potential momentum-driven move should buying pressure continue to build.

Also Read: Dogecoin (DOGE) Tests $0.115 Support: Can Bulls Launch a Strong Rebound?