Dogecoin’s Strongest Support Zone Revealed—Here’s The Level
A cryptocurrency analyst has revealed where the most significant Dogecoin support level is located, according to on-chain cost basis data. Dogecoin CBD Points To $0.08 As Strongest Support In a new post on X, analyst Ali Martinez has talked about how Dogecoin support is looking from the perspective of the Cost Basis Distribution (CBD). The CBD is an indicator created by on-chain analytics firm Glassnode that tells us about the amount of DOGE supply that was last purchased or transacted at the various price levels that the coin has visited in its history. Generally, investors are sensitive....
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The Dogecoin market structure has tightened around a single, highly watched support zone near $0.138, and analyst Kevin (@Kev_Capital_TA) is framing that area as the pivot that decides whether the meme coin’s broader bull case survives its current drawdown. Is Dogecoin About To Break? Sharing a weekly DOGE/USD chart on X, Kevin described the level as a rare multi-factor confluence: “$0.138 cents on Dogecoin is a combination of the macro .382 Fib, the 200W SMA, and this upsloping trendline.” In his read, the cluster of a macro Fibonacci retracement, the 200-week simple moving average, and....
Dogecoin has struggled to find support in recent days, falling below $0.15 and now at risk of losing the $0.14 level, adding pressure to an already weakened structure. Notably, Dogecoin’s weekly chart shows the cryptocurrency approaching the lower boundary of its long-term channel. This setup is the basis of a new analysis from crypto analyst ÐOGECAPITAL, who argues that Dogecoin is now sitting in the same zone that preceded its strongest rallies in past cycles. His chart, which accompanies the post, highlights how Dogecoin is still on track for a 6,500% price surge. Dogecoin’s Long-Term....
On-chain analytics firm CryptoQuant has revealed how selling from US Bitcoin investors has dominated during the recent market downturn. Bitcoin Coinbase Premium Gap Points To US Selloff In a new thread on X, CryptoQuant has talked about some key pieces of data related to the US-dominated Bitcoin selloff. The first indicator that CryptoQuant has shared is the “Coinbase Premium Gap,” which keeps track of the difference between the BTC price listed on Coinbase (USD pair) and that on Binance (USDT pair). Related Reading: Dogecoin’s Strongest Support Zone Revealed—Here’s The Level....
Dogecoin’s price has been on a wild ride with a wave of steady declines in recent weeks. This decline has caused the meme coin to lose various support levels amidst a steady increase in selling pressure. Notably, this decline has resulted in a pullback of about 66% from the December 2024 high. Such a 66% […]
Bitcoin price remained well supported near the $56,000 support zone against the US Dollar. BTC is rising and it may soon break the key $60,000 resistance zone. Bitcoin found support above $56,000 and started a fresh increase. The price is now trading well above the $57,500 level and the 100 hourly simple moving average. There […]