Dogecoin (DOGE) trades at $0.09696, holding above $0.09 after two consecutive monthly gains of 19% in August and 17.1% in September. Whale accumulation of 1.14 billion DOGE, worth approximately $112 million, was reported over 96 hours, while derivatives open interest surged from $300 million in July to $1.5 billion by late September. Technical indicators show positive momentum, with RSI at 60.66 and price above the Bollinger Band middle line. Key resistance sits at $0.10 and $0.10242, with support at $0.08714. Traders are monitoring whether derivatives volume and whale buying persist.
Dogecoin price remains above $0.09 after two straight monthly gains, with whale accumulation, heightened derivatives activity, and favorable technical momentum keeping the cryptocurrency in focus. As of press time, DOGE trades at $0.09696, a 0.24% increase over 24 hours, following a 17.1% gain in September and a 19% climb in August.
Monthly returns data from CryptoRank shows DOGE fell 28.3% in June and 3.44% in July before the recent rebound. These back-to-back gains indicate a shift in price behavior, though the recovery comes after considerable weakness.
According to the TradingView chart, DOGE is trading above $0.08714 and the Bollinger Band middle line at $0.08905. The upper Bollinger Band sits at $0.10242, placing the $0.10 zone near the next resistance. The RSI is at 60.66, above its moving average of 57.33, signaling positive momentum without overbought conditions.
A post from the X account @dogegod_ claims Dogecoin whales purchased another 1.14 billion DOGE over the previous 96 hours, worth roughly $112 million. The post offers no wallet addresses or on-chain evidence to confirm the transactions.
Figures from CoinGlass indicate Dogecoin open interest climbed from about $300 million in July to roughly $1.5 billion by late September. Trading volume surpassed $4 billion around September 23 but has since tapered off, and traders may watch for another pickup near the $0.10 resistance.
A sustained climb past $0.10 would turn attention to the upper Bollinger Band at approximately $0.10242. Staying above $0.08714 preserves the current technical setup, while a drop below could bring the lower Bollinger Band near $0.07568 into focus.
Dogecoin heads into the last stretch of September with two straight monthly gains, positive RSI momentum, higher open interest, and a report of increased whale buying. The levels to watch remain $0.08714 on the downside and $0.10242 on the upside.
