Rifat6883

Dogecoin may be gearing up for its next major test and the battleground is crystal clear.

According to new Cost Basis Distribution (CBD) data, over 11.7 billion DOGE sits at a cost basis around $0.20, forming one of the largest concentration zones in the entire Dogecoin network. 🧱🐶
This creates a critical resistance barrier that the market cannot ignore.
🔥 Why the $0.20 Zone Is So Important
As the chart shows, the $0.20 level is packed with heavy buying from past investor activity.
Because DOGE is currently trading well below this zone, all that supply is underwater.
When price climbs back toward a major break-even point like this, investors who have been in the red for weeks or months often react emotionally:
• They fear the rebound might fail
• They rush to exit at break-even
• Large clusters of selling pressure appear
This makes dense cost-basis regions like $0.20 natural resistance zones, even without classical technical indicators.

And between the current price and $0.20?
There’s no other dense supply cluster.
Meaning the market’s next major confrontation is directly at $0.20.
As analysts note: “$0.20 is the key resistance for Dogecoin.”
📈 On-Chain Activity Surges to 71,589 Active Addresses
There’s another important signal: Dogecoin’s Number of Active Addresses — an indicator measuring how many wallet addresses are sending or receiving DOGE daily has exploded.
The latest reading shows:
➡️ 71,589 active addresses
➡️ The highest spike since September
➡️ A strong sign of network engagement returning
This uptick suggests renewed interest, user activity, and potential transactional flow ingredients often seen before large price movements. ⚡
⏳ What Comes Next for DOGE?
Whether Dogecoin can retest $0.20 will depend on:
• Sustained on-chain activity
• Broad market sentiment
• Whether buyers can build momentum before sellers at $0.20 unload supply
Breaking $0.20 could unlock a much stronger upside wave.
Failing to break it may trigger a rejection, sending DOGE back into its lower consolidation range.
For now, all eyes are on the 11.7 billion token wall Dogecoin’s biggest obstacle on the road to recovery.

#DOGE