Dogecoin failed to hold upward momentum after rejection near $0.11. The memecoin rebounded from $0.097, yet it still traded close to $0.10 as bulls and bears fought for control. Meanwhile, whale activity and Binance positioning pointed to growing confidence in a rebound, even as technical signals stayed weak.
Lookonchain reported that one whale opened long positions on 27.38 million DOGE worth $2.75 million. The same wallet also placed limit orders for 33.46 million DOGE worth $3.31 million.
Another whale, 0x5687, opened long positions on 10.21 million DOGE worth $1.03 million. It also placed limit orders for 14.66 million DOGE worth $1.45 million.
Together, the two whales opened $3.78 million in long positions and $4.76 million in limit orders. That positioning showed clear interest in DOGE even after the recent pullback.
At the same time, Binance traders continued to favor long positions in the derivatives market. The Binance Funding Rate stayed positive over the past four days.
Positive funding often signals that traders expect higher prices. However, the same setup also raises liquidation risk when leverage builds too fast.
Analysts warned that a weak support break could trigger forced selling. As a result, traders kept a close watch on nearby price levels.
Analyst Ali Martinez identified $0.102 as DOGE’s key support level. He said a hold above that zone could open the door to another rebound attempt. If DOGE loses that level, long liquidations could follow. Martinez also warned that aggressive unwinding could push price action toward $0.088.
Technical indicators also pointed to fading momentum. The ADX remained weak, while the +DI and -DI stayed compressed in the same range. That structure suggested choppy trading rather than strong directional conviction. For now, DOGE could remain between the 20-day, 50-day, and 100-day EMA levels.
Read More: DOGE Faces a Key Breakout Test as Bulls Defend the $0.1020 Support Zone
The $0.105 area stood as the nearest upper boundary. If buyers regain control, $0.11 could become the next major resistance level. Broader market conditions also stayed soft. LINK fell 0.27% on the day, while DOGE slipped 1.39%.
The same market note also pointed to wallet 0x3109. Its pending limit orders represented $8.04 million in added LINK and DOGE exposure below current prices. That activity arrived during a period of rotation across crypto markets. In May 2026, large-cap bitcoin ETFs absorbed notable outflows, while some alternative assets drew fresh interest.
Dogecoin remained under pressure near $0.10 after rejection at $0.11, even as whales added long positions and Binance traders kept a bullish bias. The $0.102 support level now looks critical, with a break below it raising the risk of further downside.