According to popular cryptocurrency analyst Ali Martinez dogecoin (DOGE) is trading between key support and resistance levels.
on his Twitter account explanation making Ali Martineznoted that a critical Dogecoin support level is $0.075. According to the analyst, this price represents the purchase price of 44,000 addresses holding approximately 34.4 billion tokens.
On the other hand, he noted that a key DOGE resistance level is $0.086, as 92,000 addresses holding 13 billion coins are buying at this price.
Dogecoin is trading at $0.0804 at the time of writing. The ninth-ranked crypto-asset by market cap has dropped 1.35% in the last 24 hours and more than 4.7% in the last week.
Prominent meme coin It has risen more than 14% since the start of 2023, but is trading 89% lower than its May 2021 peak price of $0.731.
Koinfinans.com On the other hand, Coins Pro, a crypto exchange operated by Coins.ph, announced on Tuesday that it has listed DOGE. Coins.ph is a Philippines-based crypto company reporting over 7 million monthly active users.
While DOGE’s price is flat, crypto whales keep moving the top meme coin. Transaction monitoring project Dogecoin Whale Alert noted on Twitter that there were about 99 transactions of 5 million DOGE or more last week.
You can follow the current price action here.