Dogecoin failed to sustain above $0.26, triggering heavy institutional profit-taking that dragged price back toward $0.25. Despite the short-term retreat, on-chain flows show large holders adding 30M tokens (approximately $8M), suggesting accumulation remains intact even as resistance caps upside momentum.

News Background

DOGE traded a 6% range between $0.24 and $0.26 in the 24 hours to Oct. 9. The token rallied into $0.26 during the afternoon session but met strong institutional selling pressure. Whale addresses added more than 30M DOGE, reinforcing longer-term positioning despite near-term weakness. Analysts highlighted parallels to prior historical cycles where key resistance breaks have unlocked exponential upside, with $0.41 flagged as a critical longer-term trigger.

Price Action S

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