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Dogecoin Whales Buy 330M Tokens as $0.10 Breakout Pressure Builds Fast

2h ago
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bearish:

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  • Whales accumulate 330 million DOGE as price nears breakout zone
  • Dogecoin tests $0.10 resistance while trading volume and momentum increase
  • Short liquidations rise, adding pressure toward potential Dogecoin breakout move

Dogecoin is regaining attention after large holders increased their exposure while price action tightened near a key resistance zone. Market data shows that momentum is building steadily, even as the asset struggles to break above the $0.10 level. Recent sessions highlight a gradual recovery from earlier lows, with the price forming higher lows instead of sharp spikes. This pattern suggests that buyers are returning in a controlled manner, adding strength to the ongoing move. At the same time, the market remains cautious, as repeated attempts to push beyond resistance have not yet succeeded.


According to Ali charts, whale wallets accumulated approximately 330 million DOGE within a short period, signaling renewed confidence among larger investors. This activity has added weight to the bullish narrative, although it has not yet resulted in a decisive breakout. Moreover, derivatives trading has amplified recent price behavior, as positioning in the market created conditions that supported upward pressure. Short liquidations exceeded long liquidations, reaching nearly $4 million, which helped drive prices higher during recent sessions. Consequently, this imbalance has contributed to the steady climb toward the $0.10 threshold.


Also Read: Big News: XRP in Official State Digital Asset Reserve Advances, Gets Major Update


Whale activity and rising volumes intensify breakout expectations

In addition, trading volumes have surged across both spot and derivatives markets, reinforcing that the current movement reflects strong participation. Derivatives volume increased significantly, while spot volume also recorded notable growth within the same timeframe. This combination suggests that interest in Dogecoin extends beyond short-term speculation.


Despite these developments, resistance near $0.10 continues to limit further gains, with the price repeatedly failing to close above this level. As a result, traders are closely monitoring nearby zones, including resistance around $0.104 and support near $0.096, which could determine the next move.


At the same time, open interest has risen, indicating growing activity in leveraged markets. However, the broader structure still reflects consolidation rather than a confirmed trend reversal, which keeps expectations measured in the short term. Dogecoin’s outlook now centers on whether sustained buying pressure and whale accumulation can overcome resistance, as the market watches for a clear breakout above $0.10.


Also Read: Bitcoin Holds $75K While Altcoins Explode With Massive Gains Across Market


The post Dogecoin Whales Buy 330M Tokens as $0.10 Breakout Pressure Builds Fast appeared first on 36Crypto.

2h ago
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bearish:

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