After several unsuccessful attempts, the Dogecoin price marked the local summits close to $ 0.176, referring to an increase in the force of the Bulls. The Bulls have posted the force recently, but also faces sufficient opposition pressure. Consequently, the increase and maintenance of $ 0.18 became tedious and taking time. It seems that Doge builds a strong escape potential … but the The chronology is wide– short -term relevant (days / weeks) to in the medium term (month), or even pushing at the end of 2025.
Currently, the DOGE price faces a massive increase because it exceeded $ 0.175. This has happened for the second consecutive period this month, suggesting a strong lower presence. Meanwhile, it is just below the psychological barrier at $ 0.18, which is considered a crucial resistance to reach and maintain the trend. However, this level, as well as the two additional levels of resistance, are supposed to be extremely crucial to reach, because a greater number of Doges have been stacked here around this beach.
A popular analyst, Ali, refers to the distribution of prices produced UTXO and found $ 0.18, $ 021 and $ 0.36 to be the most important levels, because a large number of UTXOS DOGE have been created. A UTXO is nothing more than a transaction exit that is not spent or the amount of the digital currency which remains after a transaction. At these 3 price ranges, millions of Doge UTXOS have been created, which in turn indicates massive quantities of transactions could have occurred. Consequently, these ranges are extremely volatile and are supposed to trigger a huge price action if they are successfully tested.
Consequently, an increase of $ 0.18 could be an initial step, while an increase above the lower influence could only occur when the price of the dogecoin (DOGE) increases and secures above the three resistance zones.
