DOGE Stuck Under Massive Resistance Zone Despite Whale Buys

Dogecoin is pressing into one of its heaviest on-chain supply zones, but large holders are still buying into it.

According to analyst Ali Martinez, cost-basis data shows roughly 28 billion DOGE previously changed hands around $0.098, making that level a major resistance cluster.

If Dogecoin breaks through this zone, the next supply wall sits near $0.11, where about 4.98 billion DOGE changed hands.

The large entities have been buying into the resistance zone, with over 1.14 billion DOGE worth around $112 million purchased in the past 96 hours.