Tesla CEO Elon MusPopular meme token also supported by k Dogecoin (DOGE) continues to attract interest among investors.
Aware of this interest, well-known crypto analyst Ali Martinez examined Dogecoin’s key support and resistance levels in his post today.
Whales for DOGE’s support and resistance levels DOGE Looking at the levels he received, the analyst said that investors should pay attention to these levels.
According to Martinez’s analysis, the support level on DOGE is at $0.075, while the resistance level is at 0.086.
According to the analyst, 44,000 wallets hold approximately 34.38 billion DOGE at $0.075, while approximately 92,000 wallets hold 13.11 billion Dogecoins at $0.086.
“As Dogecoin gains traction, watch out for key support and resistance levels!
The support level for DOGE is $0.075, where 44,000 addresses hold approximately 34.40 billion coins.
The most important level of resistance is $0.086, which is held by 13 billion DOGE from 92,000 addresses.”
ace #dogecoin gains traction, note key levels of support and resistance! $DOGE support level is at $0.075, where 44K addresses hold nearly 34.40B coins. The most significant resistance area is at $0.086, with 92K addresses holding 13B #DOGE. pic.twitter.com/2mf3FzYMe6
— Ali (@ali_charts) March 2, 2023
Ali Martinez used IntoTheBlock as the source for wallet count data on which Dogecoin bases support and resistance levels.
In the rally in 2023, it gained more than 40% value and reached $0.099. DOGEFrom here, it fell to $ 0.078 on February 25.
However, after this decline, DOGE jumped above $ 0.080, and horizontal movements are observed.
Down 1.81% in the last 24 hours dogecoin At the time of writing, it continues to trade at $ 0.08066.
*Not investment advice!
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