Adding credence to this bullish outlook is IntotheBlock's In/Out of the Money Around Price (IOMAP) model, which shows the presence of stable support at $0.050, where nearly 87,000 addresses purchased roughly 11.48 billion DOGE.
IOMAP cohorts reveal a stiff resistance level at $0.058, where 31,800 addresses purchased 5 billion DOGE. This supply barrier is the first target and is 9% away from the critical level at $0.053. If DOGE manages to slice through this level, it could surge another 5% to hit the second target at $0.061.
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