DOGE’s Bullish Surge: 77.9% of Holders in Profit as Market Rally Continues

Dogecoin (DOGE) has demonstrated remarkable strength in the current market rally, with on-chain data revealing that 77.9% of its circulating supply is now in profit. This metric, which tracks coins last moved below the current price, highlights the widespread profitability among DOGE holders. As of June 2, 2025, DOGE is trading at 0.19115000 USDT, reflecting the broader bullish sentiment across the cryptocurrency market. While such high profitability often precedes potential sell pressure as investors may take profits, the current trend underscores Dogecoin’s resilience and appeal. This development positions DOGE as a standout performer in the digital asset space, attracting both retail and institutional interest.

Dogecoin Profitability Surges to 77.9% Amid Market Rally

Dogecoin holders are riding high as on-chain data reveals 77.9% of its circulating supply now sits in profit. The meme cryptocurrency’s outperformance reflects broader bullish sentiment across digital assets.

The ’supply in profit’ metric tracks coins last moved below current prices. Such widespread profitability often precedes sell pressure as investors take gains, creating potential inflection points. Dogecoin’s current levels suggest strong holder conviction despite its volatile history.

Comparative analysis with major assets like Bitcoin and ethereum remains pending, but Dogecoin’s resilience highlights retail investors’ continued appetite for altcoins. Market watchers note this metric historically correlates with cycle tops when exceeding 90%.

DOGE’s Recovery Faces Strong Resistance at $0.21–Will It Hold?

Dogecoin hovers NEAR $0.1915, marking a 2.6% rebound as bulls defend the $0.185–$0.19 support zone. The region aligns with key moving averages, offering a temporary floor after recent declines from $0.26 highs.

Technical indicators flash oversold signals, with the RSI suggesting potential for a short-term bounce. Yet the 200-day SMA and 9-day EMA reveal persistent bearish pressure, casting doubt on sustained upward momentum.

Critical resistance looms between $0.208–$0.223—a breach could signal trend reversal, while failure may reinforce the downtrend. Market watchers scrutinize whether meme coin enthusiasm can overcome broader crypto headwinds.

Dogecoin (DOGE) Price Shows Weakness as Whales Shift to Safe Passive Income Platform

Dogecoin plunged 8% amid a broader crypto market selloff triggered by stalled US-China trade talks, with $683 million in liquidations rattling speculative assets. The memecoin now teeters near critical support levels after whales dumped $60 million worth of DOGE, exacerbating its 17% two-day decline.

Capital is fleeing high-risk tokens for platforms like Unilabs, an AI-powered asset manager specializing in volatile markets. Its presale approaches $2 million as investors seek shelter from memecoin turbulence. Technical indicators suggest Doge may test $0.17 before any recovery.