Dogecoin (DOGE) Hovering Right Between Key Levels of Support and Resistance, Says Crypto Analyst
Dogecoin (DOGE) is currently hovering right in the middle between key levels of support and resistance, according to a popular crypto analyst.
Ali Martinez tells his 21,100 Twitter followers that an important Dogecoin support level is at $0.075 because that’s the price where 44,000 addresses holding nearly 34.4 billion coins bought in.
On the other end, the analyst notes that a key DOGE resistance level is $0.086 because 92,000 addresses holding 13 billion coins bought in at that price.
Dogecoin is currently trading at $0.0804 at time of writing. The ninth-ranked crypto asset by market cap is down 1.35% in the past 24 hours and more than 4.7% in the past week.
The top memecoin is also up more than 14% since the start of 2023 but still remains more than 89% down from its all-time high of around $0.731, which it hit in May 2021.
In other Dogecoin news, Coins Pro, a crypto exchange operated by Coins.ph, listed DOGE on Tuesday. Coins.ph is a crypto company based in the Philippines that reports more than 7 million monthly active users.
While DOGE’s price has tracked sideways, crypto whales continue to move the top memecoin: The transaction-tracking project Dogecoin Whale Alert notes on Twitter that there were approximately 99 transactions of 5 million DOGE or more last week.
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