Dogecoin (DOGE) featured a one-week surge in value recently, acquainting experts to it, among them Ali Martinez who recommended certain critical support and resistance levels to monitor if one looks to trade into the memecoin which serves as one of CoinMarketCap’s top trending cryptocurrencies. As Bitcoin experienced declines, the breed-specific digital currency made double-digit gains, gathering whales as well along the way.
Martinez put the angle in his assessment by examining a one-day DOGE/USDT chart which distinguished strong support at nuances of $0.06253 and $0.0530, while noting possible bearishness could surface at taking out resistances from $0.083 and $0.095, the latter of which Dogecoin tested prior in April. Acquisitions within these price composition- which included452,000 wallets attaining 51.4 million DOGE for instance- caught the eye of the analyst and lead him to acknowledge it could lead to the drastic 23,200% increase from a formerly supportive pattern in the time past.
More evidently, 179K addresses successfully procured 30 billion Dogecoins on average at a rate of $0.0719, and 172.68K accounts accepting an average of 21.5 billion units for aggregate averages of $0.0742, is directly linked the 2.4% return filled active traders in the past dozen days alone; thanks in full to a 25% surge in said cryptocurrency over the span.
