If It Surpasses, the Road is Long: Master Analyst Shared the 31 Billion Region

Popular cryptocurrency analyst Ali Martinez announced the first resistance level that Dogecoin (DOGE) must overcome.

Ali Martinez included Dogecoin's on-chain analysis in his X post dated September 16. The analyst explained his reasons while stating that the basic resistance level is $ 0.11.

Martinez pointed out that 23,400 addresses bought 31 billion DOGE at the price of $ 0.11 in question, and stated that this level is currently working as resistance.

He implied that if the price rises above this level, the upward wave could grow even larger.

If you are expecting a breakout at the Dogecoin level, keep in mind the basic resistance level at 0.11, where 23,400 addresses hold ~31 billion DOGE!

DOGE is currently positioned below the resistance stated by the analyst and continues a consolidation process that has been going on for months.

According to CoinGecko data, DOGE, which has increased by 0.1% in the last 24 hours, is trading at $0.1001 at the time of writing.