Dogecoin Eyes $0.36: Can On-Chain Momentum Fuel the Next Breakout?

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UTXO Realized Price Distribution Points to DOGE Accumulation at $0.10–$0.15; Minimal Resistance Ahead?

Dogecoin (DOGE) is attracting renewed attention, with on-chain analysis suggesting potential for upward movement, targeting $0.36. Analyst @ali_charts highlighted a Glassnode UTXO Realized Price Distribution (URPD) chart indicating bullish possibilities. The URPD data reveals significant DOGE volume last transacted in the $0.10–$0.15 range. This suggests many holders are currently in profit and may be less inclined to sell, potentially reducing resistance if bullish momentum builds.

The current chart structure has been compared to bullish setups observed in Bitcoin's historical cycles, where areas of low resistance facilitated rapid price increases. Binance's near-term forecast anticipates a 5% gain, projecting DOGE at $0.3176 by the end of the week. This aligns with the bullish signal derived from the URPD data.

Dogecoin $DOGE has a lot of room to go up as the next major resistance barrier is $0.36! pic.twitter.com/1klZiaDkUk— Ali (@ali_charts) July 21, 2025

Dogecoin's inherent volatility remains a crucial consideration. From its initial price of $0.0004 in 2013 to its peak of $0.75 in 2021, DOGE has established itself as both a meme and a momentum-driven asset. Behavioral finance research suggests that past resistance levels, such as $0.36, can act as psychological anchors, influencing investor behavior even without strong supporting technical factors.

Community sentiment on X is mixed. Some attribute the potential rally to increased utility and adoption, while others remain wary following previous rejections near the $0.287 level. A more conservative short-term outlook predicts a slight dip to $0.263, reflecting inherent short-term volatility.

Source: Coingecko

Ultimately, DOGE's trajectory towards $0.36 depends on sustained positive momentum, overall market sentiment, and continued retail interest. On-chain analytical tools and sentiment trackers will be important for navigating this inherently risky, but potentially rewarding, trading environment.