- Nearly 100 million DOGE set for release this week.
- DOGE price holds steady despite major token unlock event.
- Traders eye a breakout as Dogecoin consolidates near $0.25 level.
Dogecoin is set to release nearly 100 million tokens between July 28 and August 4. This unlock, worth around $22.9 million, is drawing attention due to its size and timing as DOGE hovers near a key price zone.
Despite the prominent figure, the event is not expected to rattle Dogecoin’s price structure. The inflows can be accommodated easily since the asset has a stable trading volume, which stands at more than $700 million a day.
Major exchanges provide high amounts of liquidity on pairs DOGE, which ensures good price stability during emission.
Given Dogecoin’s clear and predictable emission schedule, which avoids sudden token dumps or vesting cliffs, this upcoming unlock is not a surprise to market participants. This mechanism enables the traders to foresee the supply change, so they do not react in panic.
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Price action indicates that DOGE is trying to collect itself after washing off its July peaks that were beyond the $0.28 mark. It is now moving into consolidation at the level of $0.24.
The $0.22 location has been offering support so far this week, with prices bouncing at this point, and this should be taken as evidence of strong bullish interest.
Technical analysis shows that the 50-day exponential moving average is being used as a price base. In the meantime, there is still strong resistance at the level of around $0.28, at which Dogecoin was rejected earlier.
The next signal that traders are following carefully is a possible breakout above the level of $0.25, as a new momentum.
Source: Tradingview
Upcoming Token Release Tests Market Strength Around Key Price Levels
The 95.5 million token release, while significant in scale, is unlikely to shift market behavior significantly. Dogecoin can ensure that there is no disturbance in its supply due to its position as one of the most actively traded crypto assets.
In comparison to newer tokens, where a post-unlock crash is the norm, Dogecoin’s mature liquidity position keeps volatility in check. The market has already priced in the scheduled release and is less prone to sharp movements that will be occasioned by supply worries.
The spotlight is placed on the 0.25 area, and how DOGE performs there will define its progress toward another breakout. In the event of steady purchasing pressure, the asset can take another run at the upper resistance level witnessed earlier this month.
As nearly 100 million DOGE prepare to enter circulation, market stability remains intact. Liquidity depth and predictable token economics are keeping traders focused on price movement rather than supply shock.
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