## Dogecoin's $0.25 Target: Whales Loading While Shorts Crowd the Exits

**What's happening with DOGE right now?**

The memecoin's recent price action tells an interesting story. Trading near $0.13 with a 7.86% 24-hour jump, Dogecoin is staging what looks like a quiet accumulation play beneath the surface. Despite August's string of lower lows, the bid wall around $0.20 keeps snapping back, signaling real demand is sitting underneath this pullback.

**Major holders just made a significant move**

Here's where it gets interesting: the whale tier (wallets holding 100 million to 1 billion DOGE) accumulated 1.35 billion tokens during early August, pushing their total holdings to a yearly high of 27.65 billion. The Cost-Basis Heatmap reveals a critical detail—nearly 9 billion DOGE is now anchored between $0.20–$0.21, creating one of the densest supply clusters visible on the charts. This concentration suggests big money is defending this floor deliberately.

**The shorts are walking into a trap**

Market structure tells the real story. Across major perpetual exchanges, roughly 66% of accounts are positioned short, a crowded consensus that typically precedes violent reversals. More critically, leverage is stacked at $0.22 with $2.82 million at risk—the exact level where a quick squeeze could trigger cascading liquidations.

**Why $0.25 matters**

The setup reads like a textbook short-squeeze candidate. With whales anchored at support, retail shorts overleveraged above that level, and technical resistance looming at $0.25, the conditions are lining up for a flush move that could catch traders wrong-footed. If buying pressure returns when risk appetite improves, the dominoes could fall quickly.

The pullback is effectively a loading zone. Once momentum shifts, this coiled structure could unwind rapidly toward the $0.25 test.