Dogecoin Wins Over Major Demand Zone: Path To $0.15 Now Clear?

Quick Summary:

From the chart, it’s apparent that unlike this latest range, DOGE has just surpassed, the levels ahead are relatively thin in terms of supply.“If DOGE holds this level, it could confirm a bullish breakout,” notes Martinez.“With no major supply walls in sight, the path to $0.150 looks clear! ” Related Reading: Bitcoin Could Top At $400,000 Based On This Model, Analyst Says A potential run to this $0.150 mark from the current Dogecoin price would mean an increase of more than 31% for the memecoin.

Related Reading: Bitcoin Correlation With Gold Now At Highest Level Since March More specifically, the range contains the cost basis of around 62,270 addresses who bought a total of 36.08 billion tokens of the memecoin at levels situated inside it.

Dogecoin retesting a range where only a few investors bought wouldn’t produce any significant reaction, but in the case of a major demand zone, like the $0.108 to $0.111 range mentioned earlier, holders may make enough simultaneous moves so as to cause fluctuations in the coin’s value.

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Article Details

Author / Journalist: Keshav Verma

Category: Crypto

Markets: United KingdomIndiaJapan

Topics: Dogecoin Dogecoin Bullish Dogecoin Demand Dogeusdt Dogecoin Demand Zone Doge

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-27 @ 05:00:42 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 494 words

Reading Time: 3 minutes read

Sentences: 61 lines

Sentence Length: 9 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 22745649

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