Core Insights - The article highlights a significant supply barrier for Dogecoin (DOGE) around the $0.21 mark, where approximately 10.5 billion DOGE (valued at about $2.2 billion) is located near the breakeven point [1] - Technical analysis indicates that this resistance level coincides with the 0.618 Fibonacci retracement level, creating a dual resistance from both technical and on-chain data [4] - The current price of DOGE is at a critical juncture, with potential upward targets if the resistance is broken [5][10] On-Chain Data - On-chain data shows that the top 1% of addresses holding DOGE have maintained a high holding ratio, indicating that large holders have not significantly reduced their positions, which alleviates some selling pressure [7] - However, this concentration of holdings poses a risk, as a mass sell-off by these large holders could lead to significant price volatility [7] Technical Analysis - DOGE is currently priced at $0.195 and is at a decision point regarding its next movement [10] - If bulls can absorb the $2.2 billion supply at $0.21 and maintain that position, the price could rise to targets of $0.29, $0.45, and even $0.86 [10][12] - Conversely, if the price fails to break through this resistance, it may retrace to test support levels, with deeper support around $0.17 [10][12] Key Levels Summary - Immediate resistance is identified at $0.21, which is a significant supply zone [12] - Breakout targets are set at $0.29, $0.45, and $0.86 [12] - Current support is at the lower boundary of the ascending channel [12]
22.2亿关口!狗狗币面临关键决战:0.21美元或是涨跌分水岭!
Sou Hu Cai Jing·2025-10-22 05:36