8 hour ago
1 0
Dogecoin Faces Key Resistance at $0.20 with 11.72 Billion Tokens
Dogecoin's [DOGE](https://holder.io/coins/doge/) price remains below a descending trendline on the weekly chart, with significant accumulation around the $0.20 mark.
- The $0.2028–$0.2044 zone is critical as 11.72 billion DOGE are concentrated there, forming a resistance barrier due to participants waiting to exit at breakeven.
- Network activity shows an increase to 71,589 active addresses, indicating renewed interest despite the lack of a strong breakout.
- Grayscale’s GDOG and Bitwise’s BWOW saw $177,250 in net inflows on December 3, but no new inflows were recorded for Dogecoin ETFs on December 4.
DOGE Price Analysis
- DOGE holds support near $0.13–$0.14, with buyers defending this area. However, bears dominate as prices hover close to the lower Bollinger band.
- A bullish move requires breaking above the descending trendline and reclaiming $0.17, before testing the heavy supply cluster at $0.20.
- If the $0.13–$0.14 support fails, the price may pull back to $0.10.
DOGE currently trades at $0.1469, maintaining a $23.8 billion market cap as the leading meme token.
