Dogecoin Bulls Face Test Near $0.10 as Whale Buying Pours In

Dogecoin is trading near $0.098, just shy of the psychological $0.10 level after its sharp recovery from a September low near $0.079.

The setup has improved for bulls, but they still have work to do, as fresh market data show a heavy supply zone around $0.098 where roughly 28 billion DOGE previously changed hands, making it one of the largest near-term resistance zones on the chart.

A clean break above this area would put $0.11 back in focus, while $0.09 remains the first important support, fitting with Coinpaper's earlier Dogecoin price outlook that identified $0.11-$0.12 as the next upside zone if DOGE could hold above $0.10.

The bullish case is not based on price action alone, as large Dogecoin holders have reportedly accumulated more than 1.14 billion DOGE, worth roughly $112 million, over a recent 96-hour period, and U.S. spot Dogecoin ETFs recorded a record $2.89 million of weekly net inflows in the week ending September 25.

These inflows are still small relative to Dogecoin's overall market capitalization but point to improving demand after a weak period for DOGE investment products, and Coinpaper recently covered how whale accumulation helped DOGE recover from the low-$0.08 region, suggesting that buying pressure has not completely disappeared.