- Dogecoin’s supply is split 50/50 between profit and loss, signaling a neutral market sentiment and potential price floor after recent volatility.
- DOGE rebounded 6% to around $0.154, tracking Bitcoin’s recovery and showing more resilience than Ethereum or Solana during the broader market dip.
- With fewer panic sellers left and no major sell-off signals, DOGE’s current balance could provide a stable base — possibly setting up for future gains if market sentiment improves.
Dogecoin (DOGE) isn’t mooning, but it’s not crashing either — it’s sort of… holding its ground. And right now, that might actually be a good sign.
According to fresh on-chain data, just over 50.8% of Dogecoin’s supply is currently in profit. That means about half of all DOGE holders are up, and the other half are down. Not exactly thrilling, but not terrible either.
Profit Split: A Sign of Stability?
This “supply in profit” number measures how much of the coin’s circulating supply is sitting above its last transaction price — basically, who’s in the green and who’s not.
With DOGE right around that half-and-half mark, it could suggest the market’s reached a bit of a balance. Not too hot, not too cold. That kind of neutrality often points to a temporary price floor, where panic selling dies down and traders chill out — at least for a while.
It’s also worth noting: compared to big players like Ethereum and Solana, which have way more holders underwater right now, Dogecoin’s looking… surprisingly stable.
DOGE Price Bounces Alongside Bitcoin Surge
Following a brutal market dump earlier in the week — thanks, macro chaos — DOGE has started to bounce back. As of now, it’s trading around $0.154, up about 6% in the last 24 hours.
At one point, it even spiked 13% from its lows, riding the wave as Bitcoin rebounded to nearly $80,000 after dipping below $75K. That rally sparked a bit of confidence across the board, and Dogecoin got swept up in it too.
Liquidations, Panic, and Then… a Breather?
Let’s rewind for a second — Monday was messy. Over $1.4 billion in crypto liquidations happened in less than a day, with altcoins tanking hard. DOGE didn’t escape the bloodbath, but it wasn’t hit as badly as others.
And now? With 50.8% of its supply in profit, there’s a decent chance that most of the panic sellers are already out. That means less pressure on the downside… for now.
In fact, when that profit number gets too high — like 80% or more — that’s when people start taking gains and triggering sell-offs. But Dogecoin sitting in the middle? That’s kind of a sweet spot. Not too much FOMO, not too much fear.
So What’s Next for DOGE?
If the broader market keeps showing signs of recovery, and sentiment slowly warms up, DOGE might be in a solid position to build on this balance. It’s not exactly in breakout territory, but it also isn’t looking fragile.
Traders will be watching to see if positive catalysts (maybe more Bitcoin strength, or just some meme coin mania) help lift it back toward those earlier highs.
But for now, Dogecoin seems to be standing its ground — and in this market? That’s no small feat.
