Dogecoin Price Stalls Near $0.097 as Whales Accumulate $112 Million Worth of Tokens

Dogecoin's price has been hovering near $0.097 as traders eye a key resistance zone at $0.098, where over 28 billion tokens have previously traded hands.

Recent data shows that large Dogecoin holders have accumulated more than 1.14 billion tokens worth around $112 million in the past 96 hours, sparking speculation about a possible bullish breakout.

According to analyst Ali Martinez, if Dogecoin can break above the $0.098 resistance zone, it may shift focus to higher levels, including $0.11 and then $0.20, where significant supply zones are located.