The data on the chain show Dogecoin at a crucial inflection point

by Barry Solano
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The Crypto Ali Martinez analyst (@ali_charts) has published a new UTXO table produced (URPD) on X which offers a deep overview of the place where the big pieces of Doge have for the last time changed hands. This histogram shows distinct clusters of activity on the chain, determining the most important price levels that could define the next major movement of the memes piece.

Martinez specifically distinguished $ 0.177 as a strong support and $ 0.207 as a notable resistance, which suggests that Dogecoin is actually sandwich between these two crucial price barriers. While $ 0.177 and $ 0.207 stand out for immediate negotiation decisions, the graph also reveals other visible price levels that guarantee a more in -depth inspection.

What it means for Dogecoin merchants

The graph reveals that the largest URPD cluster in Dogecoin approximately $ 0.177, representing approximately 8.01% of the total Doge offer (approximately 11.89 billion tokens). This concentration indicates a High volume of parts Last transaction in this beach. Due to the large number of DOGE holders with cost bases around $ 0.177, analysts generally consider this level as a major support area – where buyers could intervene to defend their positions.

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Another notable cluster appears at $ 0.2069, which represents around 7.04% of the total offer (approximately 10.45 billion tokens). Martinez describes it as key resistance, reflecting a large group of holders who have acquired DOGE at this price or nearby. If the market approaches $ 0.207, some participants can try to break or lock small earnings, which could create a sale pressure.

DOGECOIN UTXO REAIR READUSE PRICE DISTRIBUTION (URPD)
DOGECOIN UTXO Creation of distribution prices (URPD) Source: x @ali_charts

One of the most striking observations is the big peak at $ 0.066,653, where about 30 billion tokens were treated. This highest bar, eclipses many smallest grapes of the graph, indicating that a massive volume of Doge has moved to this price in the past.

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Even if the market is currently much more than 0.06653, this level could be significant if prices had to correctly correct. It represents a substantial cost base for a large part of the holders, which can transform it into a powerful field of support if Dogecoin experiences a Deeper Move below $ 0.177.

Uplining, the histogram highlights two major concentrations superior to current prices. About $ 0.2753, slightly less than 5 billion tokens were transformed and $ 0.3622, slightly greater than 5 billion chips exchanged. These high bars can act as obstacles to key resistance if Dogecoin can break above the short-term ceiling at $ 0.207.

Once DOGE supports gains beyond $ 0.207, buyers can search for the momentum to transport the token to $ 0.2753, where new resistance may appear. If bullish feeling It remains robust, the region around $ 0.3622 could become the next important level to look at.

At the time of the press, DOGE exchanged $ 0.196.

Dogecoin price
DOGE tries to enter the channel, graphic at 1 day | Source: Dogeusdt on tradingView.com

Star image created with dall.e, tradingView.com graphic

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