Dogecoin Price Falls 3.2% Despite Alleged Whale Buying
The Dogecoin price prediction for October 2026 is a subject of debate, with two contrasting news items emerging. According to a post on social media, a whale bought over 545 million DOGE in a single day, which would be worth approximately $50.7 million at the current price. However, despite this significant buying activity, the price of Dogecoin fell by 3.2% over the same period.
The whale-buying claim is unverified, and the social media post does not provide any data to support the claim. This has led some to question the credibility of the report. Meanwhile, a separate news item reported that Kalshi, a CFTC-regulated venue, is listing DOGE perpetual futures, which is seen as a potential boost to the coin's adoption and trading volume.
A technical analysis of the Dogecoin price chart shows that the price is currently trading within a descending triangle, with a falling trendline from the September 22 high putting downward pressure on the price. The Relative Strength Index (RSI) reading is 44.90, indicating soft momentum and a slight lean towards caution.
The price levels to watch are $0.09587, $0.09937, and $0.10396, which are potential resistance levels for the coin. If the price breaks through the falling trendline, it could push towards these levels, but a failed breakout could result in a slide towards the $0.09128 support level.