Foreign media reports that DOGE has recently maintained support around $0.081, a range corresponding to approximately 30 billion DOGE in historical trading volumes. The article argues that this price level not only serves as a technical support point but also represents a defensive area where holdings on the chain are relatively concentrated, indicating that the key for short-term trends is shifting towards the $0.09 range.
$0.081 corresponds to large-value on-chain transactions.
The data referenced in the text, marked as URPD, shows that approximately 30 billion DOGE were traded around $0.081. Since there are a significant number of historical transactions in this area, prices remaining above this level usually indicates that the selling pressure from early holders has not yet significantly increased, and buyers find it easier to organize their defenses around this price point.
The article also mentions that above the current range of DOGE, the distribution of on-chain transactions is relatively sparse. If the price breaks through the existing consolidation range and attracts new buying interest, the market may quickly move through the thinner supply zone above, only to then face more concentrated resistance at higher levels.
$0.09 becomes a short-term watershed
From a hourly trend perspective, DOGE entered a consolidation phase after the previous round of gains, and its pattern resembles a bullish flag. The article suggests that $0.09 is the key resistance level for this structure.
If the hourly chart closes effectively above $0.09, accompanied by increased trading volume, the signal for a continuation of the upward trend in the short term will be even more clear. According to the calculations in the text, if the breakout is successful, $0.115 will become the next target level, which is about 28% higher than $0.09. If a retest confirmation can also be completed after the breakout, the trend will further strengthen; if it encounters resistance multiple times, then DOGE may continue to remain within the current range.
The resistance level above is first seen at $0.115.
The article also mentions that if the short-term momentum continues, after DOGE breaks through $0.115, it may further test the larger resistance area around $0.177 on the chain. The reason is that there have been relatively few historical transactions in the range above the current price, so when the price moves within this area, the resistance may not be as concentrated as it is near $0.177.
However, it is also pointed out in the text that once the price falls below $0.081, the current relatively strong structure will be disrupted, and the market's expectations for continued upward movement will also weaken accordingly.
