Dogecoin (DOGE) Poised to Surge, Hits Target High After $0.21! (10/23/25)

Jakarta, Pintu News – Dogecoin is currently facing a major challenge at $0.21, where there is a large accumulation visible from on-chain data. Market analyst, Ali Martinez (@ali_charts), uses data from Glassnode to show that there is a large concentration at this price level, which could determine the next direction for Dogecoin (DOGE).

Big Buildup at $0.21

According to Ali Martinez, a total of 10.50 billion Dogecoin (DOGE) has accumulated at $0.21. This creates a strong resistance zone that investors should be aware of. The data displayed on the chart shows that at this price level, there is a supply of about $2.22 billion ready for sale.

This zone is not only important because of its accumulated volume, but also because it is a potential turning point for further price movements. If Dogecoin (DOGE) can break through this resistance, there is potential for a significant price increase to occur.

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Optimistic Price Projections

After successfully crossing the $0.21 resistance, Ali Martinez points out that the next price target to watch is $0.29, followed by $0.45 and $0.86. Each of these targets is associated with a specific Fibonacci level, which is often used in technical analysis to determine potential price turning points.

The price structure suggests that if Dogecoin (DOGE) can stabilize and maintain its price above $0.21, then the opportunity to reach higher targets is very much open. This signals explosive upside potential for Dogecoin (DOGE) in the future.

Dynamics of Accumulation by Dogecoin Whales

Another analysis from Cryptollica (@Cryptollica) highlights the dynamics of holder concentration. Despite the Dogecoin (DOGE) price approaching new record highs, the percentage of supply held by the top 1% addresses has not shown a decrease. This suggests that large holders are still accumulating and not selling in large numbers.

This fact gives more confidence that Dogecoin (DOGE) could reach higher price targets, such as $1.30, mentioned by Cryptollica. The strength of these large holders could be an important factor in supporting Dogecoin (DOGE) price increases.

Conclusion

With all these factors playing together, the future of Dogecoin (DOGE) looks bright. If the key resistance at $0.21 can be broken, it will pave the way for a higher price rise. Investors and market watchers should keep a close eye on this level, as it could be the starting point for the next big rally in Dogecoin (DOGE).

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Reference

• NewsBTC. Dogecoin: $2.22 Billion Wall Targets. Accessed on October 23, 2025