- Whales accumulated over 200 million DOGE in one week.
- Dogecoin is testing a major historical support zone.
- Holding $0.081 may open a move toward $0.090.
Dogecoin is back at a level that has historically attracted buyers during major market downturns, while on-chain data shows large investors are increasing exposure. The meme coin traded at $0.0833, down 2.86% over the past 24 hours, as traders closely monitor whether Dogecoin can defend a critical support area between $0.06 and $0.08.
Dogecoin Revisits Historical Support Zone Seen in Past Cycles
According to analyst Daan Crypto Trades, Dogecoin has returned to a price region that has repeatedly acted as a floor during previous bear markets. The analyst noted that DOGE often finds support within the $0.06-$0.08 range before producing notable reactions.
This zone was already tested earlier this year. However, the current revisit remains significant because the broader trading range has expanded considerably.
At present, the most important level sits near $0.081. If Dogecoin maintains support above that threshold, analysts believe a relief rally toward $0.090 becomes increasingly likely. A breakdown below support could expose the asset to a decline toward $0.074.
Dogecoin Whale Activity Signals Growing Interest Despite Weakness
While price action remains cautious, on-chain metrics tell a different story. Data shared by analyst Ali Martinez shows that whales accumulated more than 200 million DOGE during the past week alone.
Large purchases during periods of market weakness often attract attention because institutional-sized investors typically position ahead of expected trend changes. Although whale buying does not guarantee a reversal, it can indicate growing confidence among major holders.
Ali previously highlighted that Dogecoin is trading near a significant structural inflection point. Combined with strong demand zones and recent accumulation trends, the setup has become one of the more closely watched developments in the meme coin sector.
If buyers continue defending the current range, attention will shift toward the $0.090 resistance area, while a loss of support could place additional pressure on the broader DOGE price trend.
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.
