Dogecoin Faces Resistance at $0.26 as Institutional Traders Take Profits but Whales Accumulate

Dogecoin (DOGE) struggled to hold above the $0.26 mark after a brief rally, triggering a wave of institutional profit-taking that dragged prices back toward $0.25. The meme coin traded within a tight 6% range between $0.24 and $0.26 over the last 24 hours, reflecting both strong resistance and renewed accumulation from large investors.

During the afternoon session, DOGE surged to $0.26 on heavy trading volume exceeding 750 million tokens—double its daily average. However, the rally was short-lived as institutional players locked in profits, reversing gains and sending the price back to $0.25 by session close. Later trading saw further pressure, with a dip below $0.25 fueled by liquidation flows totaling 14.6 million tokens. DOGE ultimately closed the day at $0.25, down about 2% from its intraday peak.

Despite the short-term pullback, on-chain data shows strong whale activity. Large holders accumulated over 30 million DOGE (roughly $8 million), signaling confidence in long-term fundamentals even as short-term resistance weighs on price momentum. Analysts see parallels to previous Dogecoin cycles, where similar resistance levels preceded major breakouts. The $0.41 level remains a key target for any sustained bullish move.

Technically, resistance at $0.26 has been reinforced by repeated rejections, while near-term support has shifted to $0.24 following the recent breakdown. A decisive move above $0.26 could open the path toward $0.27–$0.30, whereas failure to reclaim $0.25 might lead to further downside pressure.

Traders are closely watching whether DOGE can reclaim $0.25 support, sustain ongoing whale accumulation, and eventually push past $0.26 to confirm renewed bullish momentum.