Dogecoin Targets Resistance Near $0.42 to $0.485 after Volume Shelf Setup

Dogecoin is approaching a crucial resistance level near $0.42 to $0.485, according to market analysis. This level has remained a significant barrier since May 2021 when Dogecoin peaked during a bull cycle. A volume shelf structure has developed around the current price of $0.217, fueling speculation about potential price movement. 5 billion new coins are added yearly, posing pressure on long-term price gains, and traders are watching this resistance zone closely.