Whales Block Dogecoin's Path to $0.09 as Memecoin Tumbles Below Key Support

Dogecoin (DOGE) continues to face selling pressure from whales as it struggles to reclaim the $0.09 resistance level.

The memecoin failed to hold its latest breakout attempt and dropped below the key short-term support of $0.085, sliding to $0.081 before stabilizing near $0.082.

Data from CryptoQuant shows that whales used rebounds to sell into strength, turning the $0.088 to $0.09 band into resistance.

The spot average order size has remained positive through the week, indicating that larger participants remain active during each attempt to recover $0.09.