Leading cryptocurrency analyst Ali Martinez stated on Monday that Dogecoin (CRYPTO: DOGE) is in the middle of an ongoing upward move that could deliver gains of up to 150%.
Will DOGE’s Rebound Sustain?
In an X post, Martinez identifies $0.081 as the “first major resistance” for the memecoin, citing data from the Unspent Transaction Output Realized Price Distribution chart.
The indicator maps out the exact price levels where existing coin supplies last moved or were acquired on-chain.
“A breakout above it [$0.081] could clear the way for a move toward $0.177, where the next significant supply zone sits,” the analyst added.
