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DOGE Hits a Roadblock: 11.7B Coins Say “Stop”

DOGE Hits a Roadblock: 11.7B Coins Say “Stop”

DOGE Hits a Roadblock: 11.7B Coins Say “Stop”

In Brief

  • • Over 11.7B DOGE sits at $0.20, forming a major resistance zone.
  • • This level creates heavy seller pressure as many holders sit at breakeven.
  • • A clean breakout above $0.20 could flip sentiment and open higher targets.

Dogecoin (DOGE) is approaching one of its most important technical battlegrounds, and the data behind it reveals just how much pressure sits ahead.

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Specifically, on-chain data shows more than 11.71 billion DOGE accumulated at roughly $0.20, forming one of the largest supply concentrations on the entire chart, according to the analysis shared by popular cryptocurrency trading expert Ali Martinez in an X post on December 5.

For Dogecoin to mount a meaningful recovery, this level is the gatekeeper and not just resistance. The cost-basis distribution heatmap, which plots where DOGE holders entered the market, shows a dense band of activity right at $0.20. 

When such a massive cluster appears, it means thousands of investors are sitting at breakeven. As price approaches that level, many are tempted to sell, reducing risk of exiting long-held positions. The result is a heavy supply wall that can slow or completely stall upward momentum.

Price Level Loaded With Seller Pressure

At the moment, DOGE’s price stands at $0.1440, down 3.69% on the day, dropping 4.33% over the week, and losing 11.72% in the past month, according to the most recent chart information.

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DOGE price 7-day chart.
DOGE price 7-day chart. Source: CoinMarketCap

If Dogecoin can’t overcome this resistance, it’s likely to remain trapped in its broader downtrend as supply continues to outweigh demand at key points on the chart. But if DOGE manages a decisive close above $0.20, the dynamic flips. Sellers disappear, sidelined buyers regain confidence, and the path toward higher targets opens far more quickly than most expect.

Heatmap analysis has proven reliable in past Dogecoin cycles, often highlighting where major turning points form. The current setup suggests that $0.20 may become the next battleground between long-term holders wanting to exit and new buyers hoping the next rally is finally underway.

For now, Dogecoin’s story is simple: break $0.20, or remain stuck beneath one of the biggest supply zones of 2025.

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