Dogecoin Trades Near $0.1578 As Price Moves Within a Descending Broadening Wedge

Massive Accumulation Zone at $0.08 27.4B DOGE are concentrated here, marking the most significant long-term support level.

DOGE moved between $0.1558 support and $0.1625 resistance, showing controlled short-term price action.

DOGE/BTC held at 0.051730 with a minor 0.2% rise, reinforcing the steady intraday structure.

Dogecoin’s market structure drew attention after new cost basis distribution data outlined a dense accumulation zone near the $0.08 level. The heatmap showed 27.4 billion DOGE gathered at this price, making it the largest concentration of held supply. This cluster created a key reference point as the asset traded well above that range

The token moved at $0.1579 during the latest session, recording a 0.5 percent increase across the past 24 hours. The chart also showed 0.051730 BTC, noting a modest 0.2 percent rise. These figures created a steady environment that directed focus toward the support at $0.1558 and the upper limit near $0.1625. This setup framed the broader session and shaped how traders approached short-term shifts.

Heatmap Highlights Dense Accumulation Layer

The cost basis heatmap displayed a clear concentration at $0.08, and this explained the significance of the long-term support zone. The large cluster represented the heaviest supply segment on the chart, and it remained visible across the extended timeline. However, the current price stayed far above this region, and this emphasized the gap between historical positioning and present activity

The distribution showed additional layers closer to the ongoing market, which helped refine focus around the short-term band. This set the stage for a deeper look at the current trading range and its effect on session behavior.

Price Holds Between Support and Resistance

The market moved within a narrow interval anchored by the $0.1558 support, and this level shaped the early structure. Price action stayed near this lower boundary, and this kept traders attentive. The small daily increase showed controlled movement, and this supported a steady setup

However, the upper boundary at $0.1625 remained intact, and it continued to cap upside attempts throughout the session. The range stayed tight, and this guided how traders watched each incremental shift. This contained movement then connected directly to the broader readings against BTC and the evolving session structure.

BTC Pairing Adds Context to Short-Term Structure

The DOGE pairing with BTC held at 0.051730, and the slight increase added context to the intraday picture. The stable movement supported the narrow structure around the stated support and resistance. Market participants tracked this pairing while watching how price interacted with the $0.1558 floor. However, the session still centered around the same boundaries as activity progressed. The chart continued to align with the controlled range, keeping attention on how these levels shape upcoming market behavior.