According to a Crypto Analyst, Dogecoin (DOGE) is in a Neutral Position Between Critical Support and Resistance Levels.
Dogecoin is currently trading at $0.0804, and an important support level is $0.075. Meanwhile, a key resistance level is at $0.086. These price points are significant because many addresses holding billions of coins bought in at these levels. The cryptocurrency has been trading sideways and is down 1.35% in the past 24 hours and over 4.7% in the past week. However, it has increased by more than 14% since the start of 2023 but is still over 89% down from its all-time high of $0.731 in May 2021.
In other news, Coins Pro has listed DOGE, making it available to more than 7 million monthly active users on the Philippine-based Coins.ph crypto platform. Additionally, whale transactions of more than 5 million DOGE have occurred approximately 99 times in the past week. The Daily Hodl warns that opinions expressed are not investment advice and investors should do their own research before making any high-risk investments in cryptocurrency. The Daily Hodl does not recommend buying or selling any digital assets, nor is it an investment advisor.