doge

Dogecoin may be gearing up for its next major test and the battleground is crystal clear.

According to new Cost Basis Distribution (CBD) data, over 11.7 billion DOGE sits at a cost basis around $0.20, forming one of the largest concentration zones in the entire Dogecoin network. 🧱🐶
This creates a critical resistance barrier that the market cannot ignore.
🔥 Why the $0.20 Zone Is So Important
As the chart shows, the $0.20 level is packed with heavy buying from past investor activity.
Because DOGE is currently trading well below this zone, all that supply is underwater.
When price climbs back toward a major break-even point like this, investors who have been in the red for weeks or months often react emotionally:
• They fear the rebound might fail
• They rush to exit at break-even
• Large clusters of selling pressure appear
This makes dense cost-basis regions like $0.20 natural resistance zones, even without classical technical indicators.

And between the current price and $0.20?
There’s no other dense supply cluster.
Meaning the market’s next major confrontation is directly at $0.20.
As analysts note: “$0.20 is the key resistance for Dogecoin.”
📈 On-Chain Activity Surges to 71,589 Active Addresses
There’s another important signal: Dogecoin’s Number of Active Addresses — an indicator measuring how many wallet addresses are sending or receiving DOGE daily has exploded.
The latest reading shows:
➡️ 71,589 active addresses
➡️ The highest spike since September
➡️ A strong sign of network engagement returning
This uptick suggests renewed interest, user activity, and potential transactional flow ingredients often seen before large price movements. ⚡
⏳ What Comes Next for DOGE?
Whether Dogecoin can retest $0.20 will depend on:
• Sustained on-chain activity
• Broad market sentiment
• Whether buyers can build momentum before sellers at $0.20 unload supply
Breaking $0.20 could unlock a much stronger upside wave.
Failing to break it may trigger a rejection, sending DOGE back into its lower consolidation range.
For now, all eyes are on the 11.7 billion token wall Dogecoin’s biggest obstacle on the road to recovery.

#DOGE

📊 DOGECOIN TECHNICAL UPDATE: Key Support Levels Tested as 'Dip-Buying' Emerges
Following its retreat into a long-term demand zone, Dogecoin ($DOGE ) is now providing granular technical signals that suggest a battle is brewing between opportunistic buyers and persistent selling pressure. The market structure continues to be defined by a multi-year downtrend, making the defense of current price levels critical for any short-term recovery.
Buyers Emerge Near Critical Floor
Recent candlestick analysis highlights the first signs of buying interest. The formation of lower wicks near the $0.127–$0.135 range signals early-stage 'dip-buying' activity. This is where market participants view the price decline as an opportunity and step in to purchase the asset, preventing the price from closing significantly lower than its intraday low.
However, market momentum remains limited. The general sentiment across the memecoin sector is fluctuating, which keeps a lid on any strong, committed directional move for DOGE.
The Path to Recovery
For Dogecoin to shift the short-term narrative, traders are looking for a clear move above immediate resistance:
* Recovery Benchmark: Any sustained stabilization or breakout above the $0.148–$0.150 range would be a key indicator. Reclaiming this level could build the necessary momentum to validate the dip-buying seen at the lower wicks and set the stage for an attempt at a short-term recovery rally. $SOL
Controlled Selling Defines Long-Term Structure
Despite the current tactical buying, the broader context remains one of controlled selling pressure. The multi-year chart shows that DOGE has been locked in a downtrend since falling from the $0.40–$0.45 range earlier in the year. This persistent decline is characterized by a consistent series of lower highs. $SHIB
Crucially, every prior attempt at a significant upward reversal—notably in May and September—has been met with consistent selling volume, demonstrating that overhead supply remains a dominant factor. The current price action must break this established pattern of lower highs to confirm a structural market shift, otherwise, the support zone may act merely as a temporary pause in the broader decline.
#DOGE #DogecoinAnalysis #CryptoTrading #SupportAndResistance