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.
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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