According To Analyst DOGE Between Critical Support and Resistance

A well-known crypto analyst says that Dogecoin (DOGE) is right now in the middle of key levels of support and resistance.

Ali Martinez tells his 21,100 Twitter followers that $0.075 is an important support level for Dogecoin because that’s the price at which 44,000 addresses holding nearly 34.4 billion coins bought in.

On the other hand, the analyst says that $0.086 is a key DOGE resistance level because that’s when 92,000 addresses bought 13 billion coins.

At the time this was written, Dogecoin was worth $0.0804. The ninth-ranked cryptocurrency by market capitalization has lost 1.35 percent in the last 24 hours and more than 4.7 percent in the last seven days.

The top memecoin is also up more than 14% since the beginning of 2023, but it is still more than 89% below its all-time high of about $0.731, which it reached in May 2021.

In other Dogecoin news, DOGE was added to Coins Pro on Tuesday. Coins Pro is a cryptocurrency exchange run by Coins.ph. The Philippines-based cryptocurrency company Coins.ph says it has more than 7 million monthly active users.

Crypto whales keep DOGE moving: Dogecoin Whale Alert reported 99 transactions of 5 million DOGE or greater last week on Twitter.