Recession pressure has stopped Renewing new speed of dogcoin After receiving traction a few days before the market, its price was brought just below the level of $ 0.20. While Dogi struggles with the pulback, many participants are still holding a grip on the meme coin, which reflects a strong confidence in its capacity.
Dogecoin holders remain strong amidst instability
DogeCoin is having trouble achieving its upper speed, and significant matrix are showing important levels that can determine their next course of action. World-Agni is on-chain data and financial platform Glasode mentioned The supply of dogcoin faces the pressure of the meme coin recession as a notable trend in the metrics.
Glassnode reported that after navigating the dogcoin utxo, Vikas realized the price distribution (URPD) metric. Major metric data suggests that more than 7% supply of Dogi focuses at $ 0.20 level, which is the third largest cluster after $ 0.17 and $ 0.07.
In addition, on January 22, large capital flows were recorded at this stage, however, Wallet probably bought Dogi soon, leading to the basis of their cost. Currently, the mark of $ 0.20 can serve as resistance in short term.
In the event that this level has been violated, the next important URPD will not be much available on the cluster $ 0.31The platform highlighted the fact that this difference is more likely to have a sharp leg-up because there is less resistance between them. Thus, Glasanode has indicated Possible breakout When the volume picks up.
After an examination of Dogecoin Hodl Waves Metric, Glassnode revealed that about 15% of the DOGE supply was last transferred 6 to 12 months ago. Meanwhile, this innings was identified Holders Those who bought a meme coin before the rally between November and December last year and are still occupying the property. Such behavior among these investors is an indicator of a strong punishment in the possibilities of dog.
MT data shows that 3-6 meters Hodl waves started increasing from the beginning of March, which suggests significant purchases from several investors during bounce from $ 0.32 to $ 0.41 in January. However, prices should be correct at these levels, some people will try to sell at the break-even point, which will lead to further resistance to Dogi.
Spot-powered dog futures volume
Glasanode analysis also includes Dogi Futures Open interest (OI) Performance in the last few days. Currently, Dogecoin’s futures open interest is $ 1 billion than an average of more than $ 3 billion for November/December.
Additionally, the 7-day SMA of futures volume is recovering from the bottom, which is close to the level of October 2025, which is prominently operated by the place rather than the speculative leverage. While the futures have increased, the doges have become neutral in funding rates in the last 2 days, reflecting another reason that the rally is more spot-operated and not from a highly long state.
Given positive progress, the price of dogcoin may soon fix movements on its top. Crypto analyst trader tardigrade revealed This Dogo is exiting 3 months descending trendline, indicating its ability to a short -term rally.
Special displayed image from Adobe Stock, Chart from TradingView.com
Editorial process Focus on giving full research, accurate and fair content for bitcoinists. We maintain strict sourcing standards, and each page undergoes hardworking review by our team of top technology experts and experienced editors. This process ensures the integrity, relevance and value of our content for our readers.
