“Dogecoin Holders Quietly Accumulate Amidst Market Volatility, Potential Surge to $1.60 by 2026”

📰 DMK AI Summary

Amidst a recent 66% crash in Dogecoin’s value, holders are quietly accumulating the cryptocurrency. Onchain data indicates that short-term holders continue to gather Dogecoin despite the volatility. This accumulation suggests a potential breakout phase that could lead Dogecoin to reach $1.60 by the first quarter of 2026.

In the aftermath of Dogecoin’s sharp drop on October 10, which saw prices plummet from $0.25 to $0.08, long positions worth over $365 million were wiped out. Despite the recovery to $0.20, the event reset leveraged markets significantly, while spot traders may be seizing opportunities to accumulate Dogecoin. Onchain data suggests that Dogecoin’s long-term fundamentals remain robust, with short-term holders steadily accumulating the cryptocurrency.

💬 DMK Insight

The data indicating ongoing accumulation by Dogecoin holders, despite the recent market volatility, suggests a resilient long-term outlook for the cryptocurrency. This accumulation phase, coupled with historical patterns mirroring previous bullish cycles, could pave the way for a potential surge to $1.60 by early 2026. Traders and investors should monitor these accumulation trends as Dogecoin navigates its next growth phase.

🧾 Editorial Note

This article was automatically summarized and analyzed by DMK News Bot’s AI System, using publicly available data and verified financial updates.