Doge Dust: A Whimsical Ride to 0.25!

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TL;DR

  • Wyckoff Spring signals a cheeky Doge rebound, with a short-term target dancing around $0.25. 🪩
  • Whale wallets holding 100M-1B DOGE have pranced up to about 16.93% of supply-the year’s loudest, showiest curtain rise. 🐳
  • Active Dogecoin addresses frolicked in May and June, then tiptoed back, landing near 29,700 by September. 🐾

Wyckoff Pattern Points to Short-Term Recovery

Dogecoin is prancing along a Wyckoff Accumulation pattern on the 1-hour stage. A fella named Trader Tardigrade-yes, a man with a wonderfully squiggly name-tells us the market is tiptoeing through Phases A and B, testing support and resistance like a mischievous child tests a lemon-scented window with a squeaky finger. 🧹

The current jig looks a lot like Phase C, which has a “Spring.” This is a cheeky dip below support that politely clears out the sleepy little positions before a proper bounce. Price has nudged back up from this trap-door, suggesting the curtain may rise on Phase D. If the dance keeps going, Dogecoin may wave a Last Point of Support, then flash a Sign of Strength. The chart hints at a possible push toward $0.25. 💃

On the daily stage, Dogecoin is courting a rising wedge. The lower line has been lifting its little chin since June, while the upper line ties together the highs of May and September. Price recently paused after a nudge against resistance near $0.30 to $0.32.

The projection shows price toodling around $0.24 to $0.25 for a spell before another brave go at the highs. If the wedge behaves itself, a retest of $0.30 could be on the cards. A cheeky drop below the lower wedge line would nudge attention to $0.22 as a support. 🕳️

Large Holders Increase Supply Share

Santiment’s scribbles reveal the big-wallet chorus growing louder. The 100 million to 1 billion DOGE crowd (the yellow line) has been adding steam since August 2025, lifting their share to about 16.93% of supply-the highest note on the chart, a proper triumph of the whales. 🎶

The 1 million to 10 million DOGE faction (the red line) expanded its slice through September, peaking near 17.6%. Toward month’s end, a tiny retreat-profit-taking, perhaps-came knocking. The data shows the largest whales keep building, while the smaller groups skip about with varying tunes.

Active Addresses Return to Normal Range

Daily active addresses for Dogecoin usually nap between 20,000 and 120,000. May and late June 2025 threw a wild party, with activity leaping to over 800,000 and 500,000 addresses, respectively. Quite the ruckus! 🥳

By late September, the crowd drifted back to around 29,700. It seems those dramatic spikes were flash-in-the-pan frolics, and usage has tiptoed back into a comfortable, steady trot. 🐕

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2025-09-24 23:50