Dogecoin is showing renewed bullish signals as large holders accumulate heavily and spot DOGE ETFs register their strongest weekly inflows on record. According to data shared by analyst Ali Martinez, whales bought more than 1.14 billion DOGE over the past 96 hours, a position worth roughly $112 million at current prices. Martinez suggested these large market participants “appear to be positioning for a bullish breakout,” even though the meme coin has reached a key barrier at $0.098 after a 15% weekly rally.
The $0.098 zone is significant because approximately 28 billion DOGE previously changed hands there, making it the largest resistance area on the Cost Basis Distribution Heatmap. If Dogecoin breaks through that level, the next supply wall is near $0.11, where about 4.98 billion DOGE traded. Beyond that, analysts point to $0.20 as another major hurdle, with roughly 12 billion DOGE changing hands at that price. DOGE is currently trading near $0.096–$0.097, below the psychological $0.100 level, while nearby support is seen at $0.090 and in the $0.080–$0.085 area.
The rally follows a recovery from sub-$0.07 lows recorded in mid-August. Still, spot DOGE ETFs have struggled to attract capital since their Wall Street launch last November. Some weeks produced no net inflows, and Bitwise closed its DOGE ETF earlier this month. The past week marked a change, with spot DOGE ETFs pulling in nearly $2.90 million in net inflows—a weekly record. Cumulative net inflows also reached an all-time high of $15.27 million, though that remains modest compared with other crypto ETFs.
Exchange flow data from Coinglass shows mixed positioning in recent sessions. DOGE saw inflows of up to about $5.5 million between September 21 and 23 as the price climbed toward $0.100–$0.101, but the largest move was an outflow of roughly $8.5 million around September 23. Flows from September 24 through 27 were smaller and more balanced, suggesting no clear directional trend despite whale accumulation and improving ETF demand.
