An analyst has pointed out three key resistance levels for Dogecoin that could be to keep an eye on, based on on-chain data. Dogecoin URPD Shows These Price Levels Stand Out In a new post on X, analyst Ali Martinez has shared DOGE levels that could be important resistance boundaries. The levels in question correspond to major supply walls on the Dogecoin UTXO Realized Price Distribution (URPD). The URPD is an on-chain indicator from the analytics firm Glassnode that tells us about the total amount of the memecoin’s supply that was last purchased at the different price levels that it has visited over history. Related Reading: Bitcoin In For Another 460% Run? This Rare Fiat Signal Just Returned Now, here is the chart posted by Martinez that shows how the URPD looks for Dogecoin right now: As displayed in the above graph, the level closest to the latest Dogecoin spot price that stands out in terms of the URPD is $0.18. The investors last purchased around 8.94% of the asset’s supply around this mark. Naturally, as the level is above the spot price, all of these holders would be in the red at the moment. Generally, investors in loss look forward to retests of their break-even mark so that they can get their money ‘back.’ Often, these holders push for the exit as soon as this happens, fearing that the price would go back down again in the near future. As such, whenever the price retests the cost basis of a notable part of the supply from below, a significant selling reaction can sometimes appear in the market. This can provide resistance to the cryptocurrency. Considering that the $0.18 level is particularly large, it can act as a point of notable resistance. Similarly, the analyst has also flagged two other levels: $0.21 (7.24% of supply) and $0.36 (3.82% of supply). Interestingly, between these two, there aren’t any significant supply walls, meaning that if Dogecoin can get into this zone, it may, at least in theory, have an easier time climbing up. In the scenario that DOGE gets rejected at the resistance, however, it may have to find support at the in-profit supply zones. Holders belonging to these levels can react to declines to their cost basis by buying more, as they may believe the drawdown to be just a dip-buying opportunity. Related Reading: Shiba Inu Supply Most Centralized Among Top Coins—62% Held By Just 10 Whales The only level below the current Dogecoin spot price that stands out in terms of supply is all the way down at $0.07. It hosts the acquisition mark of 20.03% of the memecoin’s supply, which means that it’s massive in size, and so, could be a strong support center. DOGE Price At the time of writing, Dogecoin is floating around $0.168, up 1.6% in the last seven days. Featured image from Dall-E, Glassnode.com, chart from TradingView.com
On-chain data suggests this upcoming Dogecoin level could prove to be a resistance wall based on the investor cost basis distribution. A Large Amount Of Dogecoin Was Last Purchased At $0.36 In a new post on X, analyst Ali Martinez has talked about Dogecoin levels that appear significant on the UTXO Realized Price Distribution (URPD) of the memecoin. The “URPD” refers to an on-chain indicator that basically tells us about how much of the asset’s supply was last purchased at which price levels. The metric determines this cost basis for each token by checking its transaction history to see its last transfer price. Related Reading: Dogecoin Open Interest Up Despite Price Pullback, Data Shows Here is the chart shared by the analyst that shows the latest URPD data for Dogecoin: As displayed in the above graph, there are no levels immediately nearby to the current Dogecoin price that hold the break-even mark of a significant portion of the supply. The closest level that stands out in the URPD is around $0.21, which hosts the acquisition point of 7.5% of the DOGE supply. For the up direction, there aren’t any notable cost basis centers until all the way to $0.36, where investors last bought about 3.8% of all tokens in existence. Now, what’s the relevance of these levels to Dogecoin? To know the answer to that question, investor psychology needs to be understood first. To any holder, their cost basis is naturally an important level, so they can be prone to showing some kind of reaction when a retest of it happens. Whatever this reaction be, it’s not of significant to the cryptocurrency if only a few investors are showing it. For retests of levels that host the cost basis of a large amount of holders, however, the story can be different. The aforementioned levels could be important ones from this perspective. Generally, investors tend to react by buying if the retest is happening from above, granted the mood in the market is bullish. This is because these holders, who were in profit prior to the retest, might look at the price decline as just a ‘dip.’ Related Reading: Bitcoin Sharks & Whales Continue To Accumulate: Stage Set For New All-Time High? On the other hand, the holders who were in loss before the retest may decide to sell their Dogecoin, as they could fear that this might be their last opportunity to exit at their break-even for a while. As such, major supply walls below the DOGE spot price can act as potential support zones, while those above it may prove to be resistance areas. Given that the closest two such levels are at $0.21 and $0.36 for the asset right now, they may be where the coin could be the most probable to encounter strong support and resistance, respectively. DOGE Price At the time of writing, Dogecoin is floating around $0.237, up more than 37% in the last seven days. Featured image from Dall-E, Glassnode.com, chart from TradingView.com
An analyst has pointed out two major Dogecoin resistance levels that could potentially pave the path to the next bull run for the memecoin’s price. These Dogecoin Levels Stand Out In Terms Of On-Chain Resistance In a new post on X, analyst Ali Martinez has discussed about the resistance walls present ahead for DOGE based on the UTXO Realized Price Distribution (URPD). The URPD is an on-chain metric created by the analytics firm Glassnode that tells us, in short, about the amount of supply that was bought at various levels that Dogecoin has visited in its history. Related Reading: Bitcoin Stays Down, But Whale Wallets Quietly Climb to 4-Month High Coins are said to be ‘bought’ when they become involved in a transaction on the blockchain. As such, the URPD records the price at the time of any coin’s last transaction as its cost basis. Now, here is the chart shared by the analyst that shows how the Dogecoin URPD is looking right now: As is visible in the above graph, the largest supply wall that Dogecoin has is present around the $0.07 level, where over 20% of all coins in circulation were last transacted. Given that the DOGE price is currently trading far above this level, all of this supply would be sitting on a notable profit. Generally, when the cryptocurrency’s price retests the cost basis of investors who were in profit just before, the holders may react by accumulating more if the mood in the market is bullish. This is because of the fact that they may be inclined to think the same level would end up being profitable again in the future, so the retest would look like a ‘dip‘ opportunity. Similarly, when the retest occurs from the opposite direction, investors can react by selling instead, as they may fear that the asset would fall back again, so this could be their opportunity to at least exit with their entire investment back. Related Reading: Will Bitcoin Downtrend Continue? This Metric Suggests Yes From the chart, it’s visible that in terms of the loss levels of Dogecoin, two currently stick out for their size: $0.18 and $0.21. The former hosts the acquisition level of around 8% of the supply, while the latter that of 7%. Considering the significant amount of supply present at them, the levels could act as major resistance barriers due to the selling effect explained earlier. If DOGE can cross these levels, however, there are no other supply walls as large in sight. “Breaking through both could be the catalyst for the next major bull rally,” notes Martinez. DOGE Price Dogecoin made an attempt at recovery last week, but the memecoin’s price has since returned to its baseline as it’s now trading around $0.17. Featured image from Dall-E, Glassnode.com, chart from TradingView.com
Dogecoin experienced a modest rally yesterday, breaking past its local highs and reaching $0.484. The move excited the DOGE community, as the meme coin seemed ready for further gains. However, the price has since retraced slightly, failing to confirm a breakout above this critical resistance. Top analyst and trader Cheds shared his insights on X, revealing that Dogecoin is pressing against its range highs. According to his technical analysis, a confirmed breakout above these levels could set the stage for a significant rally, potentially driving DOGE toward new all-time highs. Related Reading: Large Ethereum Transactions Grow As ETH Breaks Yearly Highs While the recent price action has sparked optimism, the market remains cautious, with bulls needing to sustain momentum for any meaningful upside. Cheds highlights the importance of breaking above these critical resistance levels, emphasizing that a successful move could pave the way for DOGE to reclaim its bullish narrative. With Dogecoin at a crucial juncture, the next few days will determine whether the price continues to climb or settles into further consolidation. All eyes are now on the $0.484 mark as traders await confirmation of a breakout or signs of renewed selling pressure. Dogecoin Testing Key Levels Dogecoin is currently testing key liquidity levels around $0.44 and below the critical $0.50 mark, sparking intense interest among traders. These levels have acted as both support and resistance, making them crucial for determining DOGE’s next significant move. Analysts believe a clear path to new highs will emerge if Dogecoin can break above these thresholds. Top analyst and trader Cheds shared a detailed technical analysis on X, highlighting Dogecoin’s ongoing battle with its range highs since November 24. Despite multiple attempts, DOGE has struggled to confirm a decisive breakout, which would signal the beginning of a new rally. According to Cheds, once the meme coin clears these key levels, a massive surge is likely to follow, potentially propelling the price to challenge its all-time highs for the first time since 2021. This outlook aligns with Dogecoin’s recent price dynamics, which show resilience despite broader market volatility. The upcoming days are critical as traders await whether DOGE can solidify its breakout and sustain upward momentum. Related Reading: XRP Price Forecast – Analyst Sets $4 Target After Potential Retrace Breaking above $0.50 and holding that level for several days will catalyze Dogecoin’s rally. If bulls succeed, the market could witness another parabolic move, reviving the excitement that has historically driven DOGE to unprecedented highs. Last Level Of Supply Before A Rally Dogecoin is trading at $0.43 after weeks of sideways consolidation and repeated failed breakouts, leaving investors increasingly frustrated with its stagnant price action. Despite attempts to gain upward momentum, DOGE has struggled to surpass key resistance levels, and the lack of a decisive breakout is testing the patience of market participants. Currently, all eyes are on the $0.44 level, a critical threshold for Dogecoin’s price trajectory. If DOGE manages to hold above this level in the coming days, a breakout could finally materialize, potentially leading to a surge toward higher resistance zones and reigniting investor enthusiasm. However, the downside risk remains significant. Should Dogecoin fail to maintain its current levels, it could face a deeper retracement, testing lower demand zones as investors reassess their positions. This would likely dampen sentiment further, leaving the meme coin vulnerable to continued consolidation or even bearish pressure. Related Reading: Cardano Whales Keep Buying – Price Holds Above Crucial Mark The next few days will be crucial for DOGE as the market awaits a clear directional move. Whether it secures a breakout or retreats to lower levels, Dogecoin’s performance in this range could set the tone for its price action heading into the end of the year. Featured image from Dall-E, chart from TradingView
Dogecoin (DOGE) is currently trading below a key resistance level, signaling the potential for a bullish breakout. However, the price has struggled to surpass this critical barrier, creating uncertainty about the next major move. For Dogecoin to achieve new highs and rekindle investor enthusiasm, breaking this resistance is essential. Top crypto analyst Scofield recently shared a detailed technical analysis on X, highlighting Dogecoin’s readiness to test the psychological $1 mark. According to Scofield, DOGE’s recent price action shows consolidation near resistance, which often precedes a decisive move. He emphasized that a breakout above this level could ignite a rally, pushing the price toward its long-awaited milestone. Related Reading: XRP Breaks Multi-Year Resistance – Main Target Remains $2 Despite this optimism, traders should approach with caution. The struggle to clear resistance indicates that the market may require stronger buying pressure or a catalyst to trigger the next leg up. If Dogecoin fails to break through, it risks a retrace to lower levels, potentially dampening current bullish sentiment. As the broader market shows signs of recovery, Dogecoin remains a focal point for investors seeking high-growth opportunities. The coming days will likely determine whether DOGE can reclaim its momentum and make a serious run toward the $1 level. Dogecoin Pushes Above Key Levels Dogecoin has surged past critical supply levels, positioning itself for a potential rally that could push prices significantly higher. Currently, DOGE is eyeing the last major resistance zone that must be breached to confirm the start of a new bullish cycle. This level represents a decisive point, and a successful breakout would likely attract substantial buying pressure. Top analyst Scofield, known for his accurate technical predictions, recently shared insights on X regarding Dogecoin’s current setup. His analysis highlights a bullish triangle pattern forming on DOGE’s chart, a structure often indicative of an imminent breakout. According to Scofield, the pattern’s apex suggests that Dogecoin is nearing a decisive move, with the psychological $1 mark set as the next major target if the breakout materializes. Scofield’s technical analysis underscores key support levels that DOGE has successfully defended, reinforcing the asset’s bullish potential. The triangle pattern also reflects reduced selling pressure, aligning with growing optimism among traders. However, Scofield cautions that any failure to break above the resistance could lead to a retest of lower levels, delaying the anticipated rally. Related Reading: Shiba Inu Could Increase 75% If It Holds Current Level – Analyst Shares Price Target As Dogecoin captures increasing attention in the crypto market, all eyes remain on this pivotal resistance zone. Breaking above it would signal a renewed bullish momentum, setting the stage for DOGE to test and potentially surpass the $1 milestone. Technical Details: DOGE Ready To Rally Again Dogecoin is at $0.426 following an 18% surge to test local supply at $0.43. This critical resistance level has proven challenging for DOGE, as the price has struggled to break above it for over two weeks. Despite the recent upward momentum, the market remains cautious, with analysts highlighting the significance of a decisive breakout above $0.43. A successful push past this resistance could set the stage for a massive rally, attracting renewed interest from both retail and institutional investors. Historically, such breakouts in Dogecoin’s price action have triggered significant upward movements, making this level a key focus for market participants. However, the inability to breach $0.43 could lead to further consolidation below this level, frustrating bullish sentiment. Related Reading: Cardano Transactions Rise To Multi-Year Highs – Metrics Support Bullish Outlook Adding to the uncertainty is the risk of a potential correction. If DOGE fails to maintain its current levels or faces increased selling pressure, it could revisit lower price points, possibly retesting supports around $0.38 or lower. Analysts emphasize the need for patience, as Dogecoin’s next major move will likely hinge on breaking the $0.43 resistance. For now, DOGE’s trajectory remains uncertain, but the potential for a breakout keeps it on the radar of traders and investors alike. Featured image from DALL-E, chart from TradingView
Dogecoin (DOGE) is currently trading at a pivotal level following a 17% retrace from its recent highs around $0.179. This pullback has brought DOGE to a significant demand zone, catching the attention of top analyst Daan, who recently shared a technical analysis identifying this level as an opportunity for accumulation. According to Daan, the current support zone could act as a launchpad if buying pressure intensifies, positioning DOGE for a potential rebound. However, the upcoming days are expected to bring heightened volatility and uncertainty, primarily due to the approaching US election and its anticipated impact on financial markets. As broader market sentiment often influences Dogecoin, this period could present swings in price as traders adjust to both political developments and economic responses. Related Reading: Solana Headed For Correction Before Bounce – Analyst Sets $180 Target The key now is whether Dogecoin can hold above this demand zone. If buyers step in and support builds, a recovery could see DOGE reattempt recent highs or push even further. Conversely, failing to hold this level might lead to a deeper retrace. Investors are closely watching this area, recognizing that Dogecoin’s next moves will be shaped by internal technicals and external market conditions in the days ahead. Dogecoin At Key Levels Crypto analyst Daan recently shared a detailed technical analysis on X, highlighting that Dogecoin is approaching what he sees as prime accumulation levels. With DOGE trading around the $0.151 mark, Daan notes that this price point has acted as a resistance zone for several weeks, making it a key area for potential buying. In his analysis, Daan points out that the upcoming US election adds a significant layer of uncertainty to the market, dubbing it a “toss-up” for short-term price direction. He explains that the election outcome could impact both traditional and crypto markets, which may lead to temporary downward pressure or a surprising upward movement depending on results and broader market sentiment. Yet, for Dogecoin specifically, he believes that if the price continues to decline to these strategic levels, the risk/reward ratio could be favorable for buyers looking to “take a punt.” Daan also notes that Monday could bring further opportunities if DOGE dips lower, though he advises caution due to the likely volatility in the coming days. The analyst emphasizes that while these are risky conditions, the chance to accumulate DOGE at historically significant levels may pay off if the broader market sentiment aligns favorably post-election. Related Reading: Bitcoin On-Chain Indicator Signals Panic Selling At Current Levels – Time To HODL? Ultimately, the coming days for Dogecoin look to be both volatile and uncertain, and whether it holds the $0.151 mark or dips further could set the stage for the coin’s next move. Investors watching DOGE closely are mindful of both the technical setup and external market factors, hoping for a possible rebound in this tumultuous environment. DOGE Technical View Dogecoin is currently trading at a key level of $0.151, where previous supply has now shifted to a crucial demand zone. This level will be essential for bulls looking to regain momentum and push DOGE toward new highs. Holding above $0.151 is vital for establishing a foundation that could propel the price higher, providing the market confidence needed for a potential upward trend. However, if DOGE fails to sustain this level, it could trigger a pullback toward the next major demand zone around $0.135. This lower level has acted as support in the past and could serve as a crucial point for accumulation if selling pressure increases. Related Reading: Analyst Exposes Ethereum Ascending Support At $2,400 – Best Chance To Accumulate ETH? The coming days will reveal whether buyers can defend this $0.151 zone or if a deeper correction is on the horizon. Breaking above current levels would give DOGE the bullish push needed to test higher resistance zones and potentially establish a stronger uptrend. Conversely, losing support here would signal that sellers are still in control, setting DOGE up for a retest of lower demand levels. As volatility remains high, traders are closely monitoring these critical support and resistance points. Featured image from Dall-E, chart from TradingView
Dogecoin (DOGE) has been trading below a key resistance level at $0.143 since October 19, and anticipation is building among investors who believe a breakout may be imminent. The popular memecoin has remained relatively steady, yet this critical level has prevented DOGE from moving significantly higher. Top analyst and investor Ali Martinez recently shared a technical analysis on X, highlighting the potential for a strong rally once DOGE clears this barrier. According to Martinez, a break above the $0.143 mark could trigger a rapid 25% rally, propelling Dogecoin to fresh highs. Related Reading: Bitcoin Bullish Outlook Confirmed By Critical Data – STH Overheating? As market sentiment appears cautiously optimistic, all eyes are on Dogecoin’s performance in the coming days. Investors and traders are watching closely, expecting a decisive move that could set the stage for Dogecoin’s next trend. With the entire crypto market poised for potential shifts, it could be crucial for DOGE to regain momentum. The outcome of this resistance test will likely play a key role in shaping Dogecoin’s path forward, especially if it ignites renewed interest and buying pressure across the market. Dogecoin Price Starting To Rise Dogecoin is showing renewed strength following a week marked by volatile price action, which included a pullback from a recent local high at $0.149. Now trading near a key resistance level at $0.143, Dogecoin is capturing attention across the market. Prominent analyst Ali Martinez shared a detailed technical analysis on X, suggesting that if DOGE successfully breaks through this resistance, it could trigger a notable 25% rally, pushing the price up to the $0.175 mark. According to Martinez, the $0.143 threshold is crucial for Dogecoin’s short-term trajectory, acting as a potential launchpad for further gains. Currently, Dogecoin is testing this pivotal level, and market sentiment is growing optimistic about a breakout, especially as other assets signal readiness for upward movement. The next few days will be critical, with analysts expecting potential bullish momentum across the crypto market that could support DOGE in surging higher. Related Reading: Solana Bullish Pattern Holds – Crypto Analyst Sets $202 Target However, should Dogecoin fail to surpass the $0.143 resistance, a period of retracement would likely be necessary to locate lower demand and restore liquidity for the next leg up. A pullback to gather momentum could provide the foundation needed to reattempt a breakout, positioning DOGE for further gains once market conditions align. As Dogecoin teeters on this critical threshold, it’s clear that the outcome of this resistance test will be instrumental in setting the tone for its price action in the near term. DOGE Technical Levels To Watch DOGE is trading at $0.143 after a minor rally from recent lows at $0.127. This level has proven to be a significant resistance point, as DOGE faces challenges in breaking above it. The overall market is signaling potential upward momentum, but for DOGE to maintain its bullish trajectory, it must decisively break past this $0.143 threshold in the coming hours. Successfully doing so would solidify support for a continued rally, potentially driving the price higher in the short term. However, a retracement would likely be necessary if Dogecoin struggles to hold above this resistance. In this case, a dip to a lower demand level around $0.12 could provide the necessary liquidity to reignite buying interest and gather momentum for a subsequent push. This demand zone has previously acted as strong support and could be the fuel DOGE needs to sustain its bullish outlook. Related Reading: Bitcoin Bullish Outlook Confirmed By Critical Data – STH Overheating? As Dogecoin tests these critical levels, traders closely monitor its movements to gauge whether it can break through resistance or if a temporary pullback is on the horizon. Featured image from Dall-E, chart from TradingView