May 15, 2025
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On-Chain Data Indicates Potential Resistance Level for Dogecoin at $0.36
On-chain data indicates potential resistance for Dogecoin at $0.36 based on investor cost basis distribution.
Key Insights
- A significant portion of Dogecoin was last purchased at $0.36, representing 3.8% of the total supply.
- The closest notable support level is at $0.21, encompassing 7.5% of the DOGE supply.
- Investor psychology plays a crucial role; holders may react differently based on their purchase price relative to current levels.
- Support zones are likely below the current price of $0.237, while resistance could be encountered around $0.36.
- Dogecoin's price has increased by over 37% in the past week.
