In August 2025, Dogecoin whales accumulated 1.35 billion DOGE, creating substantial support at $0.20. Despite 66% of accounts being short, which indicates a potential bear trap, DOGE’s price remains resilient and is poised for a breakout toward $0.25.
With pressure from short positions and a solid bid wall at $0.20, DOGE appears to be coiling for a squeeze. The strong demand at $0.20 could propel DOGE towards the $0.25 resistance level if market dynamics favor a bullish sentiment.
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