An analyst has pointed out three key resistance levels for Dogecoin that could be to keep an eye on, based on on-chain data.
Dogecoin URPD Shows These Price Levels Stand Out
In a new post on X, analyst Ali Martinez has shared DOGE levels that could be important resistance boundaries. The levels in question correspond to major supply walls on the Dogecoin UTXO Realized Price Distribution (URPD).
The URPD is an on-chain indicator from the analytics firm Glassnode that tells us about the total amount of the memecoin’s supply that was last purchased at the different price levels that it has visited over history.
Now, here is the chart posted by Martinez that shows how the URPD looks for Dogecoin right now:
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