Analyst Identifies Key Resistance Levels for Dogecoin’s Potential Bull Run
An analyst has identified key resistance levels for Dogecoin (DOGE) that may influence its future price movements.
Major Resistance Levels Identified
- The largest supply wall is around $0.07, with over 20% of DOGE's circulating supply last transacted at this level.
- Significant loss levels are at $0.18 and $0.21, where approximately 8% and 7% of the supply was acquired, respectively.
- If DOGE surpasses the $0.18 and $0.21 levels, it could trigger a substantial bull rally as no other large supply walls exist above these prices.
The current DOGE price is approximately $0.17 following a recent recovery attempt.
