Dogecoin Price Faces Critical Risk
Dogecoin's price chart appears quiet, but on-chain data indicates potential trouble. Despite a modest 1.2% gain in early November, the DOGE price is still down 5.9% over the past week and nearly 27% this month.
The key question is whether Dogecoin's $0.17 floor, which has held strong since October 11, can survive as long-term holders start to exit.
- On-chain cost basis data highlights Dogecoin's strongest short-term support cluster between $0.177 and $0.179.
- Nearly 3.78 billion DOGE were last accumulated in this range, representing the heaviest long-term holder supply.
The cost basis heatmap shows where most investors last bought their tokens.
Author's summary: Dogecoin's price faces critical risk due to long-term holders' exit.
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