On-Chain Data Shows Dogecoin at a Critical Turning Point

Crypto analyst Ali Martinez (@ali_charts) has just shared a new UTXO Realized Price Distribution (URPD) chart on platform X, providing deep insights into the price levels where large amounts of DOGE were last traded. This chart reveals distinct clusters of on-chain activity, helping identify key price levels that could influence Dogecoin’s next major move.

Martinez highlights two crucial price levels:

$0.177 – A strong support level, where a significant amount of DOGE has been traded.

$0.207 – A key resistance level, where holders might sell to take profits or break even.

With Dogecoin currently stuck between these two levels, the market is waiting for its next big move.

What This Means for Dogecoin Traders
The URPD analysis shows that the largest trading cluster is around $0.177, accounting for 8.01% of the total DOGE supply (~11.89 billion tokens). This suggests that many investors bought DOGE at this price, making it a critical support zone where buyers may step in to defend their positions.

Another notable cluster appears at $0.2069, representing 7.04% of the total supply (~10.45 billion tokens). This level is considered major resistance, as many holders might sell once DOGE reaches this price. If DOGE approaches $0.207, selling pressure could increase.

Additionally, the chart highlights an important historical price level at $0.06653, where 30 billion tokens were previously traded. While the market is currently above this level, if Dogecoin drops below $0.177, $0.06653 could act as a strong support zone.

Key Levels If DOGE Breaks Higher
If Dogecoin breaks above $0.207, buyers could push the price toward the next resistance levels:

$0.2753 – A zone where nearly 5 billion DOGE has been traded.

$0.3622 – Another critical level with over 5 billion DOGE exchanged.

If the bullish momentum continues, $0.3622 could become the next major target for investors to watch.

Dogecoin is currently at a crucial turning point. Will the price surge higher or face a major correction? The answer may unfold in the coming days.
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Видео On-Chain Data Shows Dogecoin at a Critical Turning Point канала Crypto Coach