Dogecoin is facing a significant resistance zone around $0.098 as large holders continue accumulating the meme coin, according to crypto market analyst Ali Charts.
In a recent market update, Ali Charts reported that large entities had purchased more than 1.14 billion DOGE over a 96-hour period. At the reported valuation, the accumulation represents roughly $112 million in Dogecoin, despite the cryptocurrency approaching an area where substantial amounts of DOGE previously changed hands.
The buying activity comes as Dogecoin confronts resistance near $0.098. According to the Cost Basis Distribution Heatmap cited by Ali Charts, approximately 28 billion DOGE were previously acquired or traded around this level, creating a potentially important supply zone for DOGE.
Whales Accumulate DOGE Near $0.098
The reported 1.14 billion DOGE accumulation represents a substantial amount of the cryptocurrency being added by large entities within four days. Whale activity is closely watched in the Dogecoin market because large holders can influence available liquidity and selling pressure when significant amounts are moved or accumulated.
Ali Charts said the continued purchases suggest that large holders are positioning around the current market structure. However, whale accumulation alone does not establish that DOGE will break through resistance, as large transactions can have different purposes, including portfolio rebalancing, trading and liquidity management.
The $0.098 level is particularly important because of the concentration of historical DOGE transactions around the price. The Cost Basis Distribution Heatmap indicates that roughly 28 billion DOGE changed hands around this area, according to the analysis.
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Large concentrations of previously purchased tokens can become resistance when holders who bought near a particular price decide to sell as the market returns to their entry levels. This can increase the amount of DOGE available to buyers and make a sustained move above the level more difficult.
At the same time, continued accumulation by large holders could reduce the amount of DOGE immediately available for sale if those coins remain in long-term wallets. The interaction between this demand and the existing supply concentration will therefore be important for the next stage of Dogecoin’s price movement.
$0.11 and $0.20 Become Higher Resistance Levels
According to Ali Charts, a sustained move above $0.098 would bring the next major supply zone near $0.11. The heatmap shows approximately 4.98 billion DOGE changing hands around that level, making it another area where traders could encounter increased selling activity.
The difference between the two zones is notable. While the $0.098 area contains roughly 28 billion DOGE in historical transaction volume cited by the analyst, the $0.11 zone represents a considerably smaller concentration of around 4.98 billion DOGE.
If Dogecoin were to move beyond both levels, Ali Charts identified $0.20 as another major hurdle. Approximately 12 billion DOGE previously changed hands around that price, creating another significant historical cost-basis concentration.
These levels should not be interpreted as guaranteed price targets. Cost-basis data shows where assets were previously acquired or traded, but it cannot determine whether holders will sell, continue holding or add to their positions when the market reaches those prices.
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The reported whale purchases nevertheless add an important dimension to the current Dogecoin setup. Large entities have accumulated more than 1.14 billion DOGE while the token is approaching a substantial historical supply zone, creating a clear point of interest for traders monitoring on-chain behavior.
For Dogecoin holders, the key question is whether whale accumulation continues while DOGE tests the $0.098 area. A change in large-holder behavior, combined with trading volume and broader market conditions, could determine whether the resistance is absorbed or continues to limit upward movement.
The current structure therefore places $0.098 at the center of Dogecoin’s near-term market discussion, followed by $0.11 and potentially $0.20 as higher historical supply zones. The reported $112 million whale accumulation provides evidence of strong interest from large entities, but whether that demand can overcome the identified resistance remains dependent on how the market develops.
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