Dogecoin is eyeing a potential breakout towards $0.20, with significant support identified at $0.073, according to URPD data. The cryptocurrency is currently trading near $0.14 after a 13% weekly rally, maintaining a tight range between $0.144 and $0.153. Analysts highlight a bullish pennant formation on the daily chart, suggesting a possible continuation if DOGE breaks above the $0.15–$0.155 zone.
The URPD holder map indicates a major support cluster at $0.073, with additional supply concentrations at $0.118, $0.147, and $0.177. This distribution suggests potential buy or sell pressure at these levels. Meanwhile, Dogecoin's monthly structure shows a defended low, with a "tweezer" pattern indicating support. Active addresses have risen to a three-month high, reflecting ongoing engagement in the network.
Dogecoin Targets $0.20 Amid Strong Support at $0.073
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