Dogecoin price prediction – Why the $0.21-level may be key for a reversal

• DOGECOIN Action was Bear, the same dropped under May’s Low
• Zone $ 0.21 must be inverted to support before long -term distortion

Dogecoin [DOGE] He has been on a stable descending trend in the last five weeks. Head Memecoin He erased the 58% of the rally in the second week of May, and fell below its low 20th June.

In the recent report Ambrpto emphasized Dogecoin’s plan. The profits gained in April and May could only be a prologue in front of the parabolic rally.

In fact, the metric of the Netflows exchange has been negative in the last two weeks – the stamp of the DOGE accumulation.

Dogecoin holders do not have to panic yet

Source: Glass node

Dogecoin On June 14, he saw a large tip on coin days destroyed the metric and another considerable on June 17th. This reflected a remarkable hike in the number of old coins that are carried out and indicated sales pressure.

However, the latest UPTICK CDD is not yet a permanent trend, as was the case in November 2024 or June-red 2023. Therefore, it may be too early to conclude that there is a persistent division into a chain that would point to surrender (like 2023) or heavy profit (as in the end of 2024).

Source: Glass node

The thermal map of Cost distribution (CBD) is a visualization of the density of dogecoin supply at different price levels for a certain period of time. Warmer colors mean a higher supply and reflect the strong supply zones/demand.

The area of ​​0.182-0.211 had three different delivery belts. They tried and couldn’t hold DOGE BEARS. This means that if dogecoin recovers, terrible holders can decide to end at these levels, which could intensify stronger recovery.

In August-September 2024, the price dropped under the key zones of demand, but a few months later was able to restore. There is hope that a similar scenario could be played in the coming months, especially with regard to the exchanges for the last two weeks.