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Dogecoin Stalls Below $0.21 as $2.2 Billion Supply Wall Tests Bulls

A Musk-fueled bounce leaves focus on a $0.216 breakout trigger over a weakening flow backdrop.

Overview

  • DOGE trades near $0.191 after easing from Monday’s $0.206 high, with $0.195 capping rebounds and $0.188 attracting dip bids, according to the latest session tape.
  • On‑chain data highlight roughly 10.5 billion DOGE clustered around $0.21—about $2.22 billion in supply—creating a key resistance band flagged by analyst Ali Martinez.
  • Technicians cite $0.216 as the breakout level, with futures heatmaps showing dense short‑liquidation zones up to $0.27 that could accelerate a squeeze toward the mid‑$0.20s if cleared.
  • Flow signals remain soft as futures open interest sits well below earlier 2025 peaks and the new DOGE ETF has shown stalled inflows, limiting leveraged and institutional support.
  • Failure to reclaim the $0.20–$0.21 area keeps risk pointed to $0.15–$0.18 supports, with some analysts also watching for a potential daily death cross to confirm downside pressure.