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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The post Dogecoin (DOGE) Hovering Right Between Key Levels of Support and Resistance, Says Crypto Analyst appeared first on The Daily Hodl.
