New on-chain data shows the critical points Dogecoin needs to reach before continuing its price movement. Crypto researcher Ali Martinez shared a UTXO Realized Price Distribution chart on X platform to present the trade areas that create market impact.
Based on the chart DOGE faces powerful barriers at $0.177 support and $0.207 resistance levels. The price of DOGE often moves based on these levels which identify sections where substantial amounts of coins last exchanged ownership. The analysis shows that breaking through either support or resistance may decide if DOGE will change direction.
Dogecoin’s Key Support And Resistance
The largest Dogecoin transaction area sits at $0.177 with 8.01% of tokens, which makes up 11.89 billion tokens. The substantial market purchasing power around this zone stops declines and makes it an ideal protection point for investors.
A considerable number of market participants reside around $0.2069 because they traded away 7.04% of the total DOGE supply which represents 10.45 billion tokens. This buying level creates a strong resistance because many investors who bought their coins here now plan to sell them to recover their initial investment.
At the price point $0.06653 a substantial 30 billion tokens changed hands. The $0.06653 price point offers important support during market volatility because a large segment of DOGE owners used that level during their purchase. Many investors started buying DOGE when it hit this amount so it presents a strong support zone before market drops become severe.
Market Implications And Outlook
With rising bullish momentum DOGE would encounter two future resistance points at $0.2753 then $0.3622 which stand out because each located where over 5 billion tokens were traded. Trading activity at these price points usually leads traders to reduce profits or encounter mental barriers during trades.
When buyers maintain control at $0.207 Dogecoin can attract investors to push its price toward $0.2753. Player interest in the market will likely rise when $0.3622 develops as a strong test point for DOGE.
The URPD data proves that these price points will guide Dogecoin’s next price moves. Trade activity stays stuck between $0.177 and $0.207 which could result in gatherings or ballast of funds before shifting strongly upward or downward.
As traders follow key price levels they will also observe on-chain actions that show if Dogecoin is ready to push beyond its current range or needs to return back down. The upcoming weeks will show if changing market feelings drive DOGE closer to its next price destination.
