Dogecoin Whales Boost Prices as Bulls Eye $0.08

Dogecoin (DOGE) whales have added 180 million tokens to their wallets during the latest market pullback, supporting a 1.69% rebound to $0.0708. However, resistance at $0.074 still limits the recovery.

The largest wallets, holding between 10 million and 100 million DOGE, increased their supply share from 11.85% to 11.97%. This is seen as a sign of renewed accumulation, but it does not yet establish a sustained buying trend because balances remain below their recent peak.

Derivatives positioning has also improved, with open interest near $1.17 billion and a mostly positive funding rate. However, the long bias is clear, and stronger spot demand remains necessary to sustain the rebound.

If DOGE breaks above $0.074, bulls could target $0.08, while a loss of $0.0676 would weaken the rebound and reopen a test of recent lows. The broader trend remains weak, leaving the current rebound dependent on whether whale accumulation turns into broader spot demand.