HomeAltcoinDogecoin (DOGE) Hovering Right Between Key Support And Resistance Levels, Says Crypto...

Dogecoin (DOGE) Hovering Right Between Key Support And Resistance Levels, Says Crypto Analyst


Dogecoin (DOGE) is currently sitting right in the middle between key support and resistance levels, according to a popular crypto analyst.

Ali Martinez says his 21,100 Twitter followers that an important Dogecoin support level is at $0.075 because that is the price at which they bought 44,000 addresses with almost 34.4 billion coins.

On the other hand, the analyst notes that a key DOGE resistance level is $0.086 because 92,000 addresses with 13 billion coins were bought at that price.

Source: Ali Martinez / Twitter

Dogecoin is currently trading at $0.0804 at the time of writing. The ninth-ranked crypto asset by market capitalization 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 early 2023, but is still more than 89% below its all-time high of around $0.731, which it hit in May 2021.

In other Dogecoin news, Coins Pro, a cryptocurrency exchange operated by Coins.ph, list DOGE on Tuesday. Coins.ph is a Philippine-based cryptocurrency company that reports more than 7 million monthly active users.

While DOGE Price Has Followed Sideways, Crypto Whales Continue to Move Top Memecoin – Dogecoin Whale Alert Transaction Tracking Project grades on Twitter that there were approximately 99 transactions of 5 million DOGE or more last week.

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