DOGE Sees Acquisition Costs Plunge Amid Growing Holder Base
Dogecoin (DOGE) prices have seen their acquisition costs drop to multi-month lows, which may signal an opportunity for fresh capital to push the cryptocurrency toward $0.11.
The number of Dogecoin holders surged by roughly 8.2 million during this period, despite recent volatility across memecoin markets. The Mean Dollar Invested Age stood at 53 as of press time, indicating that coins are not moving aggressively between wallets.
This suggests that long-term holders are maintaining their positions rather than selling at lower prices. Technical indicators show Dogecoin consolidating within a flag structure while the Stochastic RSI bounces from oversold territory.
Liquidation heatmap data from CoinGlass identifies $1.63 million in clustered positions near the $0.11 level, which is typically where markets gravitate toward such concentration zones.