Dogecoin Eyes $0.80 as Third Accumulation Phase Builds
The post Dogecoin Eyes $0.80 as Third Accumulation Phase Builds appeared on BitcoinEthereumNews.com.
Dogecoin briefly spiked above $0.155 before losing momentum and sliding back toward the $0.150 zone. Since then, the price has moved mostly sideways with mild volatility, showing weak buying pressure. As of this writing, Dogecoin is exchanging hands at around $0.1494 with a 24-hour loss of 0.99%. DOGE price chart, Source: CoinMarketCap DOGE Price Stability Hinges on the $0.08 Support Range According to recent data by analyst Ali Martinez, the Dogecoin Cost Basis Distribution Heatmap clearly shows that a substantial portion of holders accumulated their DOGE positions around the $0.08 support zone, creating a strong foundation for price stability. This dense cluster of buying activity represents a psychologically and technically significant level. Investors who bought here are deeply positioned and typically react by adding more to their holdings or refusing to sell when the price retests this region. This behavior naturally reinforces the support, making $0.08 a critical defensive line where buyer conviction tends to outweigh selling pressure, limiting the likelihood of a deeper breakdown. Source: X On the opposite side, Martinez highlights the $0.20–$0.21 range as a major resistance barrier defined by heavy cost-basis concentration above the current price. The heatmap shows that many DOGE holders entered the market at these higher levels, and as the price approaches this area, they may be inclined to sell, break even, or reduce exposure, creating strong overhead supply. Martinez often explains that such upper accumulation blocks act as walls that cap upward momentum until a decisive breakout occurs with strong volume. DOGE Poised for Major Bullish Breakout Amid Third Accumulation Phase Analyst Bitcoinsensus highlights a clear cyclical pattern in Dogecoin’s price action, observable in the chart. The cryptocurrency has repeatedly moved through phases of accumulation followed by upward price waves. The chart identifies three main accumulation zones, each leading to progressively larger…
