Dogecoin’s Technical Base Signals Strong Market Support
Dogecoin continues to outperform other large-cap cryptocurrencies, holding above the $0.15 support level despite broader market weakness. Technical and on-chain indicators suggest that the current range could serve as a strong base for stability in the near term.
Technical Stability Amid Volatility
While most top-cap assets saw steeper declines, Dogecoin limited its November losses to around 15%. The token has now maintained its position above $0.15 for over a month, confirming the level as a potential floor.
Exchange net position data recently turned positive for the first time in two months, indicating renewed inflows to exchanges. Historically, these flips often align with short-term rebounds, suggesting traders are beginning to accumulate DOGE at key price zones.
Source: Glassnode Whale Activity Supports the Base
On-chain data reveals that major holders, particularly those holding between 100 million and 1 billion DOGE, have accumulated roughly 5 billion tokens in December. This accumulation pattern reflects growing confidence among large investors.
Analysts also noted that around 27.4 billion DOGE was previously accumulated at the $0.08 level, marking it as a deeper base of support. Together, these layers create a stronger structural foundation that could help defend the $0.15 floor if selling pressure returns.
Outlook: Whats Next for Dogecoin?
Dogecoin’s resilience appears to be underpinned by steady on-chain activity and consistent buying interest from large holders. With two well-defined support zones and improving market signals, DOGE remains one of the more technically stable assets in its category.
The post Dogecoin Shows Resilience as $0.15 Support Holds Firm first appeared on The VR Soldier.
