# Dogecoin Defends Key Support as Whale Activity Rises

**Published:** 2026-08-29T08:37:04.972Z  
**Topic:** Dogecoin  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/2c932ec7-af13-42e8-b38b-b082ac987fc2

Dogecoin trades between $0.107 and $0.111, defending key support levels as whale activity increases. A large holder faces a $3.87M loss, while 149 wallets

Dogecoin is trading between $0.107 and $0.111 as of early May, having recently risen 9% to 10% over the past week, with the $0.10 level emerging as a critical support point for the meme coin [1]. This price action occurs amid increased whale activity and a significant unrealized loss for one large holder, highlighting both potential for price stability and market volatility [1].

| At a glance | |
|---|---|
| Current Price (early May) | $0.107 - $0.111 [1] |
| Weekly Price Move | +9% to 10% [1] |
| Key Support Level | $0.10 [1] |
| Whale Unrealized Loss | ~$3.6M - $3.9M [1] |

## Price Action and Whale Dynamics
Dogecoin recently crossed $0.108 before encountering resistance near $0.112 [1]. The coin remains above its 50-day and 100-day moving averages, which sit between $0.097 and $0.104, suggesting a short-term upward trend [1]. However, the Relative Strength Index (RSI) has moved into a high zone, often indicating a potential pause or pullback, and futures open interest has exceeded $1.6 billion, signaling strong speculation [1].

Whale activity has intensified, with hundreds of transactions over $100,000 occurring recently [1]. Currently, 149 wallets each hold more than 100 million DOGE, collectively controlling over 108 billion coins, a record level of concentration [1]. This concentration presents a dual dynamic: large holders can support price growth, but a significant sale by a few whales could lead to rapid price declines [1]. One whale recently moved 11 million DOGE bought near the peak in late 2024, now facing an unrealized loss of $3.6 million to $3.9 million [1]. This reflects a broader market issue where many investors who bought at higher prices are currently at a loss [1].

## Key Support and Resistance Levels
The $0.10 level is seen as a crucial psychological and technical point, having acted as both support and resistance in the past [1]. If Dogecoin maintains its position above $0.10, potential targets include $0.112 and $0.12 [1]. Conversely, a drop below $0.10 could increase selling pressure, potentially pushing the price toward $0.097 or $0.085 [1].

Separately, analyst Ali Martinez identified $0.081 as another significant support level, where approximately 30 billion DOGE were previously traded [2]. If this level holds, Martinez suggests limited on-chain resistance up to $0.177 [2]. Trader Osemka noted Dogecoin's recent weekly close above the $0.0873 level from 2021 as a technical win, anticipating continued choppy upside before a larger expansion [2].

| Key Price Levels | |
|---|---|
| Immediate Support | $0.10 [1] |
| Next Support | $0.097 - $0.085 [1] |
| Significant Support | $0.081 [2] |
| Immediate Resistance | $0.112 [1] |
| Next Resistance | $0.12 [1] |
| Potential Upside Target | $0.177 [2] |

## Market Context and Risks
CleanCore Solutions recently sold substantially all of its 463 million DOGE treasury for approximately $33.4 million on July 20, shifting its strategy towards AI infrastructure [2]. This move could create a potential supply overhang for DOGE [2]. Despite this, some forecasts suggest Dogecoin could hold near $0.11 in the short term, with gradual growth possible if the broader crypto market remains stable [1]. However, Dogecoin's inflationary supply model, which introduces new coins annually, could limit long-term price growth [1].

## What to watch
*   Monitor Dogecoin's ability to hold above the $0.10 support level, as a break could trigger increased selling pressure [1].
*   Observe whale transaction patterns; continued accumulation may stabilize the price, while large-scale selling could lead to declines [1].
*   Watch for price action around the $0.112 resistance level, as clearing it could signal further upward movement [1].

The coming days and weeks will be critical in determining Dogecoin's short-term direction, with the balance between buying and selling pressure around key support levels playing a decisive role [1].

## Sources
1. M — [Dogecoin Whale Faces $3.87M Loss: Will $0.10 Support Hold?](https://m.dailyhunt.in/news/india/english/analytics+insight-epaper-anycinst/dogecoin+whale+faces+387m+loss+will+010+support+hold-newsid-n711147802)
2. Benzinga — [Can Dogecoin Hold Key Support? If Yes, Traders See a Clear Path...](https://www.benzinga.com/crypto/cryptocurrency/26/08/61410603/can-dogecoin-hold-key-support-if-yes-traders-see-a-clear-path-to-0-10)
3. Ainvest — [Dogecoin Holds Above $0.19 Aiming for 25% Gain to $0.25](https://www.ainvest.com/news/dogecoin-holds-0-19-aiming-25-gain-0-25-2507/)

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Cite as: TrendWatcher, "Dogecoin Defends Key Support as Whale Activity Rises", https://www.trendwatcher.in/article/2c932ec7-af13-42e8-b38b-b082ac987fc2