Dogecoin Hits a $2.2B Wall: Will It Bounce or Bounce Back? 🚀💸

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Oh, Dogecoin, you silly little meme coin, what are you up to now? 🌝 Apparently, you’re staring down a $2.2 billion wall at $0.21 like it’s a Monday morning and you forgot to make coffee. ☕️ Market wizard Ali Martinez (@ali_charts) is all like, “Hey, there’s a ton of DOGE stacked at $0.21-10.5 billion of it, to be exact. That’s a resistance zone hotter than a mic drop at a Liz Lemon roast.” 🔥

DOGE Bulls vs. the $2.2B Brick Wall

According to Ali’s Glassnode heatmap (timestamped Oct. 19, 2025, because time travel is real in crypto), the cost basis range is $0.21062334-$0.21144839, with 10,575,420,761.332544 DOGE chilling there. That’s $2.22 billion in supply, folks. Or, as I like to call it, “a lot of money to spend on cheese.” 🧀

Dogecoin resistance chart

But wait, there’s more! Ali’s TradingView chart from Oct. 20 shows DOGE bouncing off channel support like it’s on a trampoline. Next stops? $0.29, $0.45, and $0.86. Because why stop at the moon when you can aim for Mars? 🚀🤷‍♀️

And get this-the $0.21 zone overlaps with the 0.618 Fibonacci retracement (~$0.21205). It’s like the universe is saying, “Yeah, this is a big deal.” 🌌 So, if DOGE can clear this level with some serious volume, it’s party time. If not? Well, back to the drawing board. Or the doghouse. 🐶

Dogecoin price channel chart

DOGE Whales: Still Hoarding Like It’s 2021

Cryptollica (@Cryptollica) chimes in with a chart showing the top 1% of DOGE holders still holding strong. “To the moon!” they say, targeting $1.30. 🌕 But let’s be real-if these whales decide to sell, it’ll be like a herd of elephants in a china shop. 🐘💥

Dogecoin holder concentration chart

So, here’s the deal: DOGE is at $0.195 right now, staring at that $2.2B wall like it’s a math problem it doesn’t want to solve. If the bulls can break through, Ali’s roadmap says $0.29, $0.46, and $0.86 are next. But if not? Back to the channel support for a nap. 😴

Moral of the story? Crypto is wild, DOGE is weirder, and I still don’t understand Fibonacci retracements. But hey, at least it’s entertaining. 🎢

Dogecoin price chart

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2025-10-22 05:24