43 Billion Dogecoin Battle: Will the Price Break Through? ⚡🚀

Dogecoin is on the edge of a crucial price battle as it hovers within a massive 43 billion $DOGE price cluster. On-chain data shows that a significant number of addresses are holding $DOGE, all within a tight price range. The big question now: Will the price break resistance or face a pullback?

Currently, 13.7k addresses are at breakeven, holding $DOGE between $0 and $11. With such a large volume of

$DOGE in this range, any price movement could lead to strong reactions from holders, driving the market up or down.

Only 13.31% of addresses are profitable at the current price of around $0.109. On the technical side, DOGE is trading below its 100 and 200 EMA, signaling some bearish sentiment. However, it’s consolidating near the 200 EMA, which could act as a crucial resistance point or trigger a breakout. The RSI sits near 50, indicating neutral momentum. If DOGE can surpass the $0.120 resistance, it may spark a rally. Conversely, a drop could lead to a retest of the $0.09 level.

Keep in mind, 17.79% of addresses are holding at a loss, which could create some selling pressure as prices rise. With 69% of addresses at breakeven, this cluster will play a key role in DOGE’s near-term price action.

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