- At press time, DOGE was trading at $0.07373 after its spruce dipped 2.01% in the past day.
- An analyst believes that DOGE could target $0.084 if it can break above the $0.076 level.
- Technicals on DOGE’s daily chart, however, indicate that buyers have lost some of their strength.
The renowned cryptocurrency analyst and trader, Ali, shared in an X post today that he believes Dogecoin’s (DOGE) price could move up soon. According to the analyst, DOGE is currently “navigating a tight zone, sandwiched between two crucial supply walls.”
#Dogecoin is navigating a tight zone, sandwiched by two crucial supply walls.Support Wall: Spanning $0.072-$0.073, with 200K addresses holding 28.6B $DOGE.
Resistance Wall: Ranging from $0.074-$0.076, where 124K addresses hold 26.95B #DOGE.
Note that support outstrips… pic.twitter.com/O5FRIJ1SIl
— Ali (@ali_charts) November 8, 2023
DOGE’s supply wall spans between $0.072-$0.073, with about 200K addresses holding 28.6 billion tokens. Meanwhile, the resistance wall ranges from $0.074-$0.076, where 124K addresses are holding 26.95 billion DOGE tokens.
The analyst did, however, point out the fact that “support outstrip…
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