Dogecoin is trading near $0.098, putting DOGE back against the psychological $0.10 level after recovering sharply from its September low near $0.079.
The setup has improved, but bulls still have work to do.
Fresh market data show a heavy supply zone around $0.098, where roughly 28 billion DOGE previously changed hands. That makes the current area one of the largest near-term resistance zones on the chart. A clean break above it would put $0.11 back in focus, while roughly $0.09 remains the first important support.
That fits with Coinpapers earlier Dogecoin price outlook, which identified $0.11-$0.12 as the next upside zone if DOGE could hold above $0.10.
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Whale Buying and ETF Flows Are Supporting the Rally
The bullish case is not based on price action alone.
Large Dogecoin holders reportedly accumulated more than 1.14 billion DOGE, worth roughly $112 million, over a recent 96-hour period. At the same time, U.S. spot Dogecoin ETFs recorded a record $2.89 million of weekly net inflows in the week ending Sept. 25.
Those inflows are still small relative to Dogecoins overall market capitalization, but they point to improving demand after a weak period for DOGE investment products.
Coinpaper recently covered how whale accumulation helped DOGE recover from the low-$0.08 region. The latest move suggests that buying pressure has not completely disappeared.
$0.10 Is Still the Level That Matters
The current structure is straightforward.
If DOGE closes convincingly above $0.098-$0.10 and holds that area as support, the next upside targets sit around $0.11 and $0.12.