Dogecoin Establishes Strong Resistance at $0.20 Amidst Significant Accumulation

Dogecoin Establishes Strong Resistance at $0.20 Amidst Significant Accumulation

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Glassnode data reveals that approximately 11.12 billion Dogecoin (DOGE) have been accumulated around the $0.20 price level, creating a formidable resistance zone. Market analysts are now keenly observing if this accumulation will precede a price rally for the leading meme token.

Dogecoin Forms Strong Resistance Around $0.20, Price Rally Next?

With Glassnode's data showing that about 11,120,000,000 Dogecoin were accumulated around the $0.20 level, the leading meme token has formed strong resistance around the area.