DOGE price prediction: If it breaks through the key resistance of 0.36 USD, it may trigger a new round of pump.

DOGE is currently reported at 0.27 USD in the Asian early trading session on the 22nd. New on-chain data indicates a clear upward path, suggesting it will reach at least 0.36 USD. Analysts predict that if it can firmly break through the key resistance at 0.36 USD, it may trigger a new round of pump.

Famous analyst Ali Martinez pointed this out in a recent X tweet, saying: "DOGE still has plenty of pump room, as the next major resistance level is $0.36."

(Source: X, Glassnode)

The purchase price of most DOGE is around 0.05 to 0.06 dollars

According to the chart, a large amount of DOGE (approximately 30 billion coins) was acquired between $0.05 and $0.06. This is the largest transaction to date, making this range a strong support area.

If the price drops, most holders may defend their positions, making it harder for the DOGE price to break down.

The accumulation zone indicates that many investors entered early and may still be in profit, which alleviates the pressure to sell at the current price.

$0.36 may be the resistance that DOGE needs to pay attention to

The next area of high concentration for DOGE holders is $0.36. Last time, over 5.2 billion DOGE tokens moved around this price level, accounting for approximately 3.5% of the total supply. Therefore, this price level could become a major resistance.

Those who bought in at $0.36 may be waiting for breakeven, and if the DOGE price rises to that level, it could lead to selling pressure. Ali's tweet aligns with this data, indicating that $0.36 will be the next significant resistance for DOGE.

The bullish trend will be maintained when the price is above 0.40 USD

Interestingly, the chart shows that the last time DOGE broke through the 0.40 USD resistance was minimal. This means that the resistance at this position is not significant.

If the price of DOGE can strongly break through 0.36 USD, it may once again challenge the 0.70 USD range. Currently, everyone is paying attention to whether the current momentum can support DOGE in breaking through the resistance at 0.36 USD.