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Dogecoin Breaking These Levels Could Be The Catalyst For Next Bull Run, Analyst Says

In a new post on X, analyst Ali Martinez has discussed about the resistance walls present ahead for DOGE based on the UTXO Realized Price Distribution (URPD). The URPD is an on-chain metric created by the analytics firm Glassnode that tells us, in short, about the amount of supply that was bought at various levels that Dogecoin has visited in its history.

Coins are said to be ‘bought’ when they become involved in a transaction on the blockchain. As such, the URPD records the price at the time of any coin’s last transaction as its cost basis.

Now, here is the chart shared by the analyst that shows how the Dogecoin URPD is looking right now:

Dogecoin Breaking These Levels Could Be The Catalyst For Next Bull Run, Analyst Says

In a new post on X, analyst Ali Martinez has discussed about the resistance walls present ahead for DOGE based on the UTXO Realized Price Distribution (URPD). The URPD is an on-chain metric created by the analytics firm Glassnode that tells us, in short, about the amount of supply that was bought at various levels that Dogecoin has visited in its history.

Coins are said to be ‘bought’ when they become involved in a transaction on the blockchain. As such, the URPD records the price at the time of any coin’s last transaction as its cost basis.

Now, here is the chart shared by the analyst that shows how the Dogecoin URPD is looking right now:

https://www.newsbtc.com/news/dogecoin/dogecoin-breaking-levels-catalyst-bull-run-analyst/