- Dogecoin price has gained nearly 25% this spring while holding above the key $0.10 support zone.
- Whale accumulation turned positive weeks before the latest DOGE rally, according to Alphractal data.
- Traders are watching the $0.124 resistance closely as weak volume still limits breakout confirmation.
Dogecoin Price Holds Above Key Support Despite Weak Volume
Dogecoin price is showing resilience even as broader memecoin activity remains muted. DOGE has quietly gained nearly 25% this spring, according to data shared by Alphractal, with whale wallets reportedly accumulating before retail traders returned. The move pushed the Dogecoin price close to the 200-day moving average near $0.124, a level traders now view as critical resistance.
At press time, DOGE traded near $0.1085, down 1.17% over the last 24 hours. Despite the short-term dip, the token continues holding above the psychological $0.10 level. Market analysts note that maintaining this support has helped preserve bullish momentum while several altcoins remain range-bound.
Alphractal also highlighted that its Whale vs Retail Ratio turned positive 18 sessions before the recent rally. Historically, this metric has often signaled stronger positioning from large holders before broader market participation increases.
Dogecoin Price Momentum Builds as Whales Reenter Market
On-chain data from CryptoQuant paints a mixed picture for the Dogecoin price. Spot average order size data showed limited activity from both whales and retail traders during recent sessions. This suggests market participants remain cautious despite improving price structure.
Still, the DOGE price has demonstrated relative strength compared to other established memecoins. Since reclaiming the $0.10 region, buyers have consistently defended support levels. The latest move above $0.11 briefly reinforced confidence that momentum may continue building toward the next resistance zone.
Technical traders are now closely watching the 200-day moving average at $0.124. A decisive break above that level could strengthen the current memecoin rally narrative and attract additional speculative flows. However, weak volume remains a concern for bulls attempting to sustain upside pressure.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
