Over the past few weeks, the Dogecoin price has largely been moving sideways 
in a critical range around $0.09 to $0.10. The meme coin has been oscillating 
between key support and resistance zones, as the bulls and bears can&#8217;t seem to 
decide the next price direction. The latest on-chain evaluation has identified 
a specific support level to watch out for the Dogecoin price in the coming 
days. Support Levels To Watch In a February 21 post on the social media 
platform X, crypto analyst Ali Martinez identified a major critical support 
level around $0.096 and $0.074, with the latter price level seen as a deep 
demand wall for Dogecoin. This on-chain evaluation is based on the UTXO 
Realized Price Distribution (URPD), which tracks the amount of a 
cryptocurrency purchased at different price levels. Related Reading: Ethereum 
Price Looks Bullish, But Only On The Inverted Chart As the price of Doge 
approaches a decisive technical moment, traders are closely watching the two 
critical price levels ($0.096 and $0.074). These URPD support levels often 
serve as psychological and structural anchors, while offering insight into the 
next move for an asset&#8217;s price. Technically, the real concern starts if DOGE 
drops below the minor support threshold around $0.096. A breakdown below this 
cushion could imply weakening short-term buyer confidence, suggesting a 
sentiment shift from careful optimism to high bearish pressure. While this 
does not guarantee a major sell-off, especially considering the relatively low 
relevance of the $0.096, it does signal that sellers gained slight control of 
price action. However, if the Dogecoin price drops below the first support 
level, $0.074 becomes the next major floor to watch – a level where buyers 
might step in heavily. Market dynamics often intensify at the critical point, 
and it could pay off to watch whether buyers will absorb selling pressure 
aggressively enough to create a rebound. If buying demand is high, the $0.074 
support may hold, forming a base for recovery. On the flip side, if the 
support level fails to hold, the breach could trigger additional selling 
momentum. It is worth mentioning that these price levels are not guarantees of 
reversal or continuation. Ultimately, Dogecoin now stands at a technical 
crossroads; holding above $0.096 would maintain short-term structural 
stability and could encourage renewed buying interest. Meanwhile, a break 
below that level shifts attention decisively towards $0.074, with the market 
reaction at these levels potentially shaping Dogecoin&#8217;s next significant move. 
Dogecoin Price At A Glance As of this writing, the price of DOGE stands around 
$0.098, reflecting a 6.46% increase in the past 24 hours. Related Reading: XRP 
Tipped As Central Bank Bridge Asset — Bigger Than Bitcoin? Featured image from 
iStock, chart from TradingView

Dogecoin Price Faces Critical Test As $0.074 Support Comes Into Focus

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