Dogecoin Investors Accumulate 4.9B DOGE – Is a $0.241 Recovery Imminent?
Dogecoin investors have bought up 4.9 billion DOGE ($1.97B) in just two weeks, signaling a major shift from selling to accumulation. With long-term holders stepping back from liquidations and mid-term investors piling in, DOGE is poised for a recovery—if it can hold $0.222.
A New Wave of Accumulation: 4.9 Billion DOGE Bought in Two Weeks
Dogecoin (DOGE) is showing signs of a potential turnaround after a rough July. According to on-chain analytics firm Glassnode, investors have accumulated 4.9 billion DOGE—worth over $1.97 billion—in the past 14 days.
This surge in buying pressure is not from retail FOMO, but from mid-term holders (3–6 months inactive), a cohort known for balancing conviction with tactical trading. Their aggressive accumulation suggests confidence that DOGE has bottomed out.
Long-Term Holders Stop Selling – A Bullish Signal
Even more telling: long-term holders—the "HODLers" who typically ride out volatility—are no longer selling.
Glassnode’s HODLer Net Position Change indicator shows that distribution (red bars) has nearly vanished, signaling a fundamental shift in market dynamics. When long-term investors stop liquidating, it removes a major source of downward pressure.
This behavior often precedes significant price moves, as it reflects strong conviction and a belief in future upside.
Technical Setup: $0.222 is the Line in the Sand
DOGE is currently trading at $0.223, consolidating in a tight range. The key level to watch is $0.222—a critical support zone.
- Hold above $0.222 → Bullish recovery intact → Next target: $0.241
- Break below $0.222 → Risk of deeper drop → Potential targets: $0.209 or $0.199
A successful push above $0.241 could trigger a wave of buying momentum, potentially erasing July’s losses and setting the stage for a run toward $0.273.
Why This Accumulation Wave Matters
Mid-term holder accumulation has historically been a leading indicator of major price moves in crypto. Unlike short-term traders, this group often combines technical analysis with fundamental conviction—making their collective actions a valuable signal.
With over $1.97 billion deployed in two weeks, the market structure is improving. If broader crypto sentiment stays positive, DOGE could be one of the first memecoins to lead the next altseason surge.
Market Outlook: Recovery Possible, But Risks Remain
While the accumulation trend is promising, risks persist:
- Macro volatility (e.g., Fed policy, inflation data) could derail momentum
- A break below $0.222 could trigger stop-loss cascades
- Meme coin rotation could favor newer narratives (e.g., WIF, BONK, PEPE)
For now, the balance of power is shifting. Selling pressure is fading, buying is rising, and the chart is coiling for a breakout.
Conclusion: DOGE’s Comeback Starts Here
After months of sideways action and profit-taking, Dogecoin may finally be turning a corner. With 4.9 billion tokens now off the market and key support holding, the path to $0.241—and beyond—is open.
If DOGE can defend $0.222 and gain volume on the upside, the recovery from July’s losses won’t just be possible—it could happen fast.
