{ "id": 52477, "date": "2025-10-22T10:21:37", "date_gmt": "2025-10-22T03:21:37", "guid": { "rendered": "https:\/\/hbbgroup.net\/dogecoin-slams-into-2-22-billion-wall-at-0-21-but-targets-above-are-explosive\/" }, "modified": "2025-10-22T10:21:37", "modified_gmt": "2025-10-22T03:21:37", "slug": "dogecoin-slams-into-2-22-billion-wall-at-0-21-but-targets-above-are-explosive", "status": "publish", "type": "post", "link": "https:\/\/hbbgroup.net\/en_us\/dogecoin-slams-into-2-22-billion-wall-at-0-21-but-targets-above-are-explosive\/", "title": { "rendered": "Dogecoin Slams Into $2.22 Billion Wall At $0.21 But Targets Above Are Explosive" }, "content": { "rendered": "
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Dogecoin is confronting a dense supply overhang at the $0.21 neighborhood, where on-chain data show a striking concentration of realized cost. Market analyst Ali Martinez (@ali_charts) highlighted a Glassnode cost-basis distribution heatmap showing a heavy band at that level<\/p>\n

Dogecoin Bulls Face $2.2 Billion Wall<\/h2>\n

\u201c10.50 billion $DOGE were accumulated at $0.21. That\u2019s a big resistance zone forming. Keep this level on your radar!\u201d he wrote<\/a>. The underlying tooltip on Ali\u2019s chart (timestamped Oct. 19, 2025, UTC) pinpoints a Cost Basis Range: $0.21062334\u2013$0.21144839 with Supply: 10,575,420,761.332544 DOGE clustered there. At $0.21, that cohort represents roughly $2.22 billion in supply.<\/p>\n

\"Bitcoin
Bitcoin Cost Basis Distribution Heatmap | Source: X @ali_charts<\/figcaption><\/figure>\n

The technical context around that same band adds weight to the on-chain reading. In a separate TradingView chart shared Oct. 20, Ali noted that Dogecoin \u201cjust bounced off the channel support and looks set to climb. Eyes on $0.29 first, then $0.45 and $0.86.\u201d<\/p>\n

Related Reading: Is The Dogecoin Bull Run Over? Analyst Sees Echoes Of 2021<\/a><\/p>\n

His channel overlay tracks price respecting an ascending structure across multiple tests since 2023, with intermediate waypoints aligning closely to classical retracement and extension levels<\/a>. Notably, the $0.21 area intersects the 0.618 retracement at ~$0.21205 on his plot\u2014an overlap of technical and realized-price resistance that helps explain the current stall and the importance of clearing this shelf with convincing volume.<\/p>\n

\"Bitcoin
Bitcoin price analysis | Source: X @ali_charts<\/figcaption><\/figure>\n

DOGE Whales Continue To Accumulate<\/h2>\n

A separate on-chain lens from Cryptollica (@Cryptollica) focuses on holder concentration dynamics. Sharing a long-horizon chart<\/a> titled \u201cPercent of Supply Held by Top 1% Addresses,\u201d the analyst observed, \u201cThe supply held %1 data downward trend has not yet been seen as the price moves toward a new all-time high. To the moon > Target: $1.30.\u201d<\/p>\n

\"Dogecoin
Dogecoin percent of supply held by top 1% addresses | Source: X @Cryptollica<\/figcaption><\/figure>\n

The graphic shows the top-1% cohort maintaining an elevated\u2014and recently rising\u2014share of supply as price has recovered from the cycle lows. While such concentration is often interpreted as a proxy for large-holder conviction<\/a> or tighter float, it can simultaneously amplify directional moves when those balances rotate; for now, the absence of a downtrend in the metric suggests no broad distribution from the largest addresses has materialized.<\/span><\/p>\n

Read together, the three signals sketch a coherent near-term battleground. First, the cost-basis heatmap identifies a thick realized-supply node precisely where spot is grappling\u2014$0.21\u2014implying latent sell pressure from holders looking to exit at break-even and equally strong validation if price can flip the level into support.<\/p>\n

Second, Ali\u2019s price structure marks that same zone as Fibonacci resistance within an established rising channel, sharpening the inflection. Third, top-holder concentration has not rolled over, reducing evidence (so far) of heavy distribution<\/a> into strength.<\/p>\n

If bulls absorb the ~$2.2 billion equivalent sitting at $0.21 and reclaim the 0.618 band, Ali\u2019s stepped upside $0.29 (0.786 Fib), $0.46 (1.0 Fib) and $0.86 (1.272 Fib extension) path provides a clear roadmap of overhead targets; if they fail, the confluence argues for a renewed retest of channel support before any larger move.<\/p>\n

At press time, DOGE traded at $0.195.<\/p>\n

\"Dogecoin
DOGE remains above the trendline, 1-day chart | Source: DOGEUSDT on TradingView.com<\/a><\/figcaption><\/figure>\n

Featured image created with DALL.E, chart from TradingView.com<\/p>\n<\/p><\/div>", "protected": false }, "excerpt": { "rendered": "

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