DOGE Consolidation Puts $1.63M in Sight as Traders Eye $0.11 Target

Prices of Dogecoin (DOGE) have been consolidating within a flag structure, according to on-chain data. Despite recent volatility in memecoin markets, long-term holders appear to be maintaining their positions rather than selling at lower prices.

The number of DOGE holders has surged by approximately 8.2 million during this period, with the Mean Dollar Invested Age standing at 53 as of press time. This suggests that coins are not moving aggressively between wallets.

A liquidation heatmap from CoinGlass identifies $1.63 million in clustered positions near the $0.11 level, which is considered a key target for traders. If fresh capital continues to flow into DOGE, price action could move toward this target.