The post Dogecoin Faces Crucial Test as $0.08 Support Holds and $0.20 Resistance Looms appeared on BitcoinEthereumNews.com.

Dogecoin (DOGE) hung in a familiar tug-of-war this week as on-chain data and technical charts painted a picture of concentrated buying around the lower end of the range and stubborn resistance above. Traders and analysts seized on a new Glassnode UTXO Realized Price Distribution (URPD) view that highlights where supply last changed hands, and what it shows for DOGE looks decisive: a massive band of coins clustered near the $0.07–$0.08 area, and a long ceiling clustering around $0.20. That split, analysts say, is dictating price behavior right now. Renowned crypto analyst Ali Martinez boiled the situation down simply on social media: “$0.080 is the key support for Dogecoin $DOGE, while $0.20 stands as the main resistance.” The line reads like a map of market memory, many wallets acquired DOGE in that low band during earlier retail booms, and the URPD’s percent-partitioned bars show that roughly one fifth of the measured supply is tied up near those sub-$0.08 levels, creating a heavy psychological and technical floor should the market retest it. Analysts tracking the same Glassnode output note that sellers who bought near the $0.20 zone will likely defend gains there, turning that band into the path of least resistance for any rally. The market has been responding. Dogecoin changed hands in the mid-teens of a dollar on Thursday, around $0.15, eking out modest gains after a stretch of choppy trading earlier in the week. Short-term momentum looks fragile: while a push above $0.20 could free up room for a more sustained rally, failure to reclaim that level tends to funnel selling pressure back toward the $0.08 bucket, where, crucially, many long-term holders stand to move back to breakeven. That dynamic is why traders watching the URPD are treating $0.08 less as a nice-to-have and more as a pivot: if it…

---

Filed under: News - @ November 27, 2025 7:23 pm