DOGE Whales Fuel Price Rebound as Bulls Eye $0.08 Breakout

Dogecoin (DOGE) whales have added significant support to the cryptocurrency's price action, buying up about 180 million tokens during a recent market drawdown.

This accumulation has helped lift DOGE's price by 1.69% to $0.0708, but a key resistance level at $0.074 remains in place, limiting the recovery.

The wallets holding between 10 million and 100 million DOGE have increased their supply share from 11.85% to 11.97%, according to Santiment data, but this still falls below their late-July holdings.

Derivatives positioning has also improved, with open interest near $1.17 billion and a positive funding rate, indicating a clear long bias.