{"id":7718,"date":"2025-10-22T04:11:05","date_gmt":"2025-10-22T04:11:05","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/dogecoin-slams-into-2-22-billion-wall-at-0-21-but-targets-above-are-explosive\/"},"modified":"2025-10-22T04:11:05","modified_gmt":"2025-10-22T04:11:05","slug":"dogecoin-slams-into-2-22-billion-wall-at-0-21-but-targets-above-are-explosive","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/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":"

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<\/p>\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<\/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. 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<\/p>\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<\/p>\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 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.<\/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 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<\/p>\n","protected":false},"excerpt":{"rendered":"

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 Dogecoin Bulls Face $2.2 Billion Wall \u201c10.50 billion $DOGE were accumulated at $0.21. That\u2019s a big…<\/p>\n","protected":false},"author":1,"featured_media":7719,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[131],"tags":[133,374,134,132,216,375],"class_list":["post-7718","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-doge","tag-doge-news","tag-doge-price","tag-dogecoin","tag-dogecoin-news","tag-dogecoin-price"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/7718","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=7718"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/7718\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/7719"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=7718"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=7718"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=7718"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}