Key Takeaways
Why is DOGE struggling near $0.19–$0.20?
HODLer conviction is fading, and whale FOMO hasn’t kicked in, turning DOGE’s key support zone into a potential resistance area.
What would Dogecoin need to regain momentum?
Fresh whale accumulation and renewed retail participation are required to reclaim control and push price higher.
Dogecoin [DOGE] has taken a serious hit, dropping over 30% in the past month and emerging as the worst performer among the high-caps.
It has hit a three-month low of $0.18 after slicing through the $0.20 support level.
Naturally, the market is trying to figure out where DOGE might find its next support.
Looking at Realized Price Distribution data, the $0.19–$0.20 range is a heavy supply zone, holding almost 18% of all DOGE in circulation.
Technically, this means a significant portion of HODLers are now underwater, as DOGE broke below $0.20. As a result, this area is a key spot for a bounce, where HODLers could finally get back “in the money.”
However, DOGE HODLers don’t seem confident right now.
Looking at Dogecoin’s Net Realized Profit/Loss (NRPL), the metric is showing a loss-heavy picture. Basically, instead of waiting to flip into the profit zone, HODLers are exiting at a loss, signaling fading conviction.
Against this backdrop, testing $0.19–$0.20 and holding it are two different things. If DOGE fails to “hold,” any move toward $0.25 may be hard to sustain. So, can Dogecoin regain enough momentum to reach that range?
