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Dogecoin Tests $0.20 Support as Miner Strength and Models Flag Conditional Upside

On-chain gauges point to a sturdy network with a CVDD top near $0.54, with price now near a pivotal support zone.

Dogecoin price
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Overview

  • DOGE traded around $0.21 after dipping to $0.2078, with technicians warning that a break below $0.2050 could open $0.20 to $0.1920.
  • Alphractal reports hash rate activity pushing toward record highs and a stable Network Stress Index, indicating no current structural strain.
  • The firm’s adjusted CVDD model places a top band near $0.54, which it says could rise above $1 if long‑dormant coins re-enter circulation.
  • Chart watchers highlight consolidation patterns with primary resistance near $0.29 and potential targets cited around $0.30–$0.32 and up to $0.45 on strength.
  • Large holders bought more than 680 million DOGE in August, although analysts caution that rising market leverage heightens liquidation risk.