 
 
Dogecoin (DOGE) appears to have regained investors’ favor as bullish predictions from market players have preceded its recent performance.
DOGE recently attained a price value of $0.1977, with gains sustained over the last 7 days increasing by 19.01%. The current uptrend suggests renewed interest from market participants, particularly retail investors at this time.
Other metrics, such as trading volume and market cap, appear to be just as attractive, with 24-hour values of $2.7 billion and $29.6 billion, respectively. It therefore comes as no surprise that this analyst is optimistic for DOGE in the near term.
According to Ali Charts, a prominent analyst known for his succinct bullish price predictions, DOGE is poised for a bullish run. He further highlights three crucial price points as near-term targets for the memecoin.
In a post shared on X, the analyst shared an on-chain data showing a new UTXO Realized Price Distribution (URPD) chart—an indicator designed to outline the areas where large amounts of DOGE were last exchanged.
 
In the analysts’ histogram, three significant price levels poised to define the asset’s next crucial price movement were outlined; $0.18, $0.21, and $0.36.
The aforementioned price points were singled out as key resistance levels, with $0.18 accounting for 8.94% of Dogecoin’s total supply, while $0.21 and $0.36 represented 7.24% and 3.28% of the meme coin’s total supply.
These resistance levels, where sellers typically step in and prevent assets from rising further, are crucial for DOGE, as a drop below the aforementioned levels could result in a downward reversal. On the flipside, the asset could be on its way to retesting previous ATHs of $0.73 if DOGE bulls are able to break the $0.36 resistance level.
During the time of this report, DOGE is trading at $0.19, with hourly losses totalling at 0.30%, while 7-day gains go up to 6.98%. Notably, DOGE has emerged as the third highest gainer over the last 7 days, sitting behind ADA, XRP, and ETH.
Source: https://zycrypto.com/analyst-highlights-3-key-resistance-levels-to-watch-as-doge-bulls-reawaken/