Dogecoin (DOGE) Price: Bulls Hold Support as Whale Buying and Reversal Signal Emerge

TLDR

• DOGE dropped below $0.1025 and is now holding support near $0.0980
• A bullish Heikin Ashi green candle appeared at around $0.095, a signal traders watch for reversals
• Trading volume rose 13% to $2.03 billion, with large holders increasing their positions
• Resistance levels to watch are $0.1015, $0.1040, $0.1080, and $0.1120
• A break below $0.0950 could push DOGE toward $0.0880

Dogecoin pulled back from recent highs and is now testing a key support zone. Traders are watching whether bulls can hold the floor and push the price higher.

DOGE failed to hold above $0.1025 and slid below $0.1010. The drop took it briefly under $0.10 before buyers stepped in.

The price settled above $0.0980 and the 100-hourly simple moving average. A bullish trend line is forming on the hourly chart with support around $0.0968.

DOGE is currently trading near $0.1009. Over recent sessions, the price has moved between $0.099 and $0.104.

The Heikin Ashi indicator — which smooths out price data to filter noise — flipped to a green candle at around $0.095. Traders use this shift as a sign that selling pressure may be easing.

Whale Activity and Volume Pick Up

Total trading volume climbed 13% to $2.03 billion. At the same time, large wallet holders — often called whales — have been adding to their positions.

High-volume accumulation by large holders often signals growing confidence in a price floor. When whales buy, smaller traders tend to follow.

The drop from the recent high of $0.1044 to the current range represents a 50% Fibonacci retracement of the move up from $0.0944. That level is a common technical reference point traders use to gauge corrections.

Key Levels to Watch

On the upside, the first resistance sits at $0.1015. A break above that could open the door to $0.1040, then $0.1080.

A close above $0.1080 would put $0.1120 in play. Further gains could target $0.1150 and then $0.120.

If DOGE fails to clear $0.1015, the downside support levels are $0.0980, $0.0968, and then $0.0950.

A break below $0.0950 would be a bearish signal. That could send the price toward $0.0880.

The 76.4% Fibonacci retracement level near $0.0968 is the next major support after $0.0980. That level lines up with the bullish trend line on the hourly chart.

Heikin Ashi patterns similar to the current one appeared during earlier DOGE rallies, including a run in 2021 when the price moved up from $0.05.

DOGE is currently above $0.10, holding above both the trend line support and the 100-hourly moving average.

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