On-chain analyst Ali Martinez shared the critical support and resistance levels to watch right now on the Dogecoin (DOGE) chart. Loads of purchases can be made at levels determined by whale behavior.
Pay attention to these levels that can move whales in the Dogecoin (DOGE) chart
On-chain analyst Ali Martinez has included Dogecoin’s critical resistance and support levels in his current analysis. Dogecoin is currently trading at $0.0802, down around 2%.
Martinez wrote that a key support level for DOGE is found at $0.0075. At this level, approximately 44,000 wallets hold 34.38 billion DOGE. As for resistance, currently the strongest resistance level is at $0.086. Here, slightly less than 92,000 wallets hold 13.11 billion Dogecoins.
As #Dogecoin gains traction, note key levels of support and resistance! $DOGE support level is at $0.075, where 44K addresses hold nearly 34.40B coins. The most significant resistance area is at $0.086, with 92K addresses holding 13B #DOGE. pic.twitter.com/2mf3FzYMe6
— Ali (@ali_charts) March 2, 2023
Dogecoin started to rise gradually after dropping to $0.0796 on February 25. However, since then, it has been hovering between $0.0802 and $0.0826 after recovering a bit. Meme coin has failed to break this range upwards as it sticks to market movements.
Can current DOGE developments move the bulls?
As quoted by Kriptokoin.com, DOGE was recently added to the major Filipino crypto exchange Coins.ph with its Coins Pro division. Coins.ph is one of the oldest crypto exchanges in the Philippines, allowing its users to trade crypto-fiat pairs.
Also on Wednesday, Dogecoin was added as the latest payment option by Unstoppable Domains. This company offers special address names instead of long addresses made up of symbols and Latin letters. We can summarize these as a short crypto-themed domain that is easy to remember and cannot be censored or seized by government officials.
https://twitter.com/unstoppableweb/status/1630976353368408102
Unstoppable Domains offers decentralized domain technology that allows unique public addresses to replace long wallet addresses with easily remembered crypto-centric domain extensions. With this innovative system, users can register domain names that cannot be seized or censored by any administrative authority.
The company has recently expanded its cryptocurrency payment services such as Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) by adding DOGE to its payment options.
Unstoppable Domains introduces new features for Dogecoin
The company encourages users to add their preferred .nft to their cart and experience the new DOGE payment option. The domain registration process of the Web3 domain provider resembles a traditional domain system, except that it is powered by Blockchain technology. By adopting DOGE as a payment option, Unstoppable Domains has taken another step to gain wider acceptance of the meme coin.
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