Dogecoin Faces Volatility Risk Due to $0.19-$0.07 Price Gap
An analysis of Dogecoin's realized cost basis reveals a significant gap between $0.19 and $0.07, potentially increasing price volatility in this range.
The Glassnode UTXO Realized Price Distribution (URPD) chart shows two major clusters: one at ~$0.0739 with 18.69% of supply and another at ~$0.1996 with 9.37%.
The area between these clusters has sparse realized supply, suggesting less resistance to price movements through this range.
If the price moves into this gap, fewer holders have incentives to absorb sell pressure, possibly leading to faster declines or advances.
The URPD chart highlights potential rapid price changes within the gap but does not predict timing or direction.
At the time of reporting, Dogecoin was trading at $0.198.
