Dogecoin Faces Key Support at $0.177 and Resistance at $0.207
Analyst Ali Martinez shared a UTXO Realized Price Distribution (URPD) chart for Dogecoin (DOGE), highlighting key price levels based on recent on-chain activity.
- Strong support identified at $0.177, with 8.01% of total supply (11.89 billion tokens) last transacted there.
- Notable resistance at $0.207, representing 7.04% of total supply (10.45 billion tokens) acquired near this level.
- Significant volume observed at $0.06653, where approximately 30 billion tokens were transacted, marking a potential support area in case of market corrections.
- Additional concentrations above current prices include $0.2753 and $0.3622, both with around 5 billion tokens exchanged, acting as future resistance levels.
Current DOGE trading price is $0.196.
