Dogecoin (DOGE) is trading near 0.096-0.097 while confronting its largest concentration of holder supply around $0.098, according to an analysis by Ali Charts shared on X. Roughly 28 billion DOGE changed hands near that level, making it the biggest resistance zone identified in the analyst's update.

Exchange flow data covering September 15 through 27 shows mixed activity following a single large outflow of approximately $8.5 million around September 23, reflecting uncertain positioning. DOGE remains below $0.100, with $0.11 and $0.20 identified as higher supply zones and $0.090 acting as nearby support.

$0.098 Holds 28 Billion DOGE

According to Ali Charts, the Cost Basis Distribution Heatmap places approximately 28 billion DOGE around $0.098, the largest supply zone cited in the update. Cost basis distribution tools group coins by the price at which holders last acquired them, which is how analysts locate where large portions of the supply sit relative to the spot price. If DOGE moves above that level, the next supply wall sits near $0.11, where around 4.98 billion DOGE previously changed hands, according to the same data.

Beyond $0.11, the analyst identified $0.20 as another major hurdle, with approximately 12 billion DOGE last traded around that price. The resistance levels come as DOGE remains below $0.100, keeping the price beneath the first zone highlighted in the analysis — meaning the largest identified cluster is also the nearest one above the current price.

Exchange Flows Turn More Balanced

The DOGE spot inflow and outflow chart, tracked via Coinglass, shows mixed exchange activity between September 15 and 27. Green bars represent net inflows, while red bars represent net outflows — inflows mark coins moved onto exchanges and outflows mark coins withdrawn, making the balance between the two a standard gauge of holder positioning on exchange platforms.

From September 15 through 20, outflows appeared more frequently. Several fell below $2 million, while one withdrawal near September 16 reached about $3.8 million. During that stretch, DOGE fell toward 0.079-0.080 before recovering.

The flow pattern then shifted as inflows increased between September 21 and 23. Several inflows exceeded $3 million during those sessions, with the largest reaching roughly $5.5 million as DOGE climbed toward 0.100-0.101.

Large Outflow Stands Out

The biggest flow move appeared around September 23, when an outflow of approximately $8.5 million was recorded, larger than any other single move in the covered window, the biggest of which was an inflow of roughly $5.5 million. DOGE remained around 0.09-0.10 despite the withdrawal.

From September 24 through 27, exchange flows became smaller and more mixed. Some inflows approached $2 million, while several outflows ranged from roughly $2 million to $3.5 million.

DOGE currently trades near 0.096-0.097, below the $0.100 psychological resistance. The chart shows uncertain positioning, with no clear directional flow trend in the latest period. The data places $0.098 as the first overhead level, followed by $0.11 and then $0.20, while $0.090 and the 0.080-0.085 range are tracked as lower price levels. With the price sitting just beneath its largest mapped supply cluster and flows lacking a consistent direction, the next data points in the analyst's framework are whether the mixed flow pattern resolves into a clearer trend and how the 28 billion DOGE positioned around $0.098 interacts with price.