Analyst Reports Whales Holding Billions of DOGE at Current Levels, as Dogecoin Continues to Grow in Popularity
Crypto analyst Ali Martinez has highlighted the crucial levels of support and resistance for Dogecoin, the largest meme coin by market cap. Martinez stated that the key support level for the coin is at $0.0075, where 44,000 wallets are holding almost 34.38 billion DOGE, while the strongest resistance level at present is at $0.086, with slightly fewer than 92,000 wallets holding 13.11 billion Dogecoin. After briefly dropping to a low of $0.0796 on 25 February, Dogecoin has gradually risen, currently trading at $0.0809. The meme token was recently added by Filipino crypto exchange Coins.ph, and as of Wednesday was the most recent payment option for Unstoppable Domains. DOGE was launched as a joke on Bitcoin, making it the first meme coin ever launched.