Dogecoin is attempting to establish a recovery base, according to analyst Andreou in an October 11 note. He argued that consolidation between $0.082 and $0.087 could lay the groundwork for upside. A move above $0.092–$0.095, followed by a successful retest, would provide stronger confirmation that buyers are regaining control.
The next resistance area is seen at $0.100–$0.105, followed by a more ambitious target between $0.115 and $0.117. From approximately $0.085, reaching the upper target would represent a gain of roughly 38%. However, a decline below $0.0795 would invalidate the bullish setup, leaving Dogecoin with a relatively narrow window to stabilize. Immediate support is near $0.0842 and resistance around $0.0872. The recent golden cross has failed to produce sustained upward momentum, highlighting the gap between improving longer-term indicators and actual buying demand.
CoinGlass data cited in an October 11 market report shows approximately $57.2 million in net spot exchange outflows over seven days, with $538.16 million in withdrawals against $480.96 million in deposits. While exchange withdrawals sometimes indicate accumulation, they can also reflect transfers between platforms and do not independently prove that whales are buying DOGE. The flows emerged alongside broader cryptocurrency weakness, with DOGE falling from approximately $0.095 earlier in October, and persistent volatility also pressuring Bitcoin and Ethereum.
