Dogecoin is sitting near a major on-chain support zone where more than 30 billion DOGE last moved. At the same time, the DOGE/BTC chart is showing a cycle setup that analysts compare to previous “DOGE season” rallies. Dogecoin’s Biggest Support Zone Emerges as 30 Billion DOGE Cluster at $0.081 Dogecoin is approaching one of its strongest on-chain support levels, with more than 30 billion DOGE last moved near $0.081. The massive concentration of holdings highlights a key price zone that could play an important role if market volatility increases. Dogecoin URPD Chart (DOGE/USD). Source: Ali Charts on X / Glassnode Dogecoin's UTXO Realized Price Distribution (URPD) data shows that over 30 billion DOGE were last transacted around the $0.081 price level. This is the largest volume cluster visible on the chart, making it one of the most significant on-chain support areas for the asset. URPD tracks where existing coins last changed hands. Large clusters often identify price levels where many holders established positions, creating areas of potential support or resistance as traders react around their average entry prices. The chart shows the largest concentration of DOGE supply sitting at $0.081, significantly exceeding other major clusters near $0.089, $0.096, $0.103, $0.162, $0.177, $0.185, and $0.214. The size of the $0.081 cluster suggests a substantial portion of the market accumulated tokens around that level. From a technical and on-chain perspective, large holder concentrations can create psychological support because many investors may be reluctant to sell below their cost basis. At the same time, buyers often view heavily accumulated zones as attractive areas to defend. For now, the $0.081 level remains the key area to watch. As long as DOGE trades above this major on-chain support cluster, attention remains on whether buyers can maintain control and prevent a deeper decline. Dogecoin-Bitcoin Chart Mirrors Past Cycles as Analyst Signals New ‘DOGE Season’ Dogecoin may be approaching another major cycle inflection point against Bitcoin, according to a long-term chart comparison shared by Trader Tardigrade. The analysis suggests DOGE/BTC is repeating a pattern seen before previous explosive rallies after spending months in a prolonged consolidation phase. Dogecoin/Bitcoin Monthly Chart (DOGE/BTC). Source: Trader Tardigrade on X / TradingView The chart compares Dogecoin's current structure with two previous market cycles. In both cases, DOGE/BTC spent an extended period moving sideways inside a descending consolidation pattern before breaking support, forming a final bottom, and then entering a sharp upward expansion phase. According to the analysis, the current cycle is displaying a similar sequence. DOGE/BTC has been consolidating for months while trading near a major historical support zone. The chart labels this period as a ”loading” phase, suggesting market participants continue accumulating positions despite weak price performance. The pattern also highlights a breakdown below support before the start of previous rallies. Similar moves occurred in both the 2017 and 2021 cycles, where Dogecoin briefly traded below established support levels before reversing higher and significantly outperforming Bitcoin. From a technical perspective, DOGE/BTC remains near the lower boundary of its multi-year range. The analyst argues that the current structure closely resembles previous cycle bottoms, although confirmation would require a sustained recovery above recent resistance levels. For now, traders are watching whether DOGE/BTC can hold its support area and begin building bullish momentum. A successful breakout from the current consolidation range would strengthen comparisons with previous cycles, while continued weakness would delay the bullish scenario outlined on the chart.
