Coinbase Warns of XRP, DOGE, and ADA Token Fraud, Dogecoin Price Analysis: Key Resistance and Support Zones

Coinbase recently announced the upcoming release of new wrapped versions of Cardano, Litecoin, XRP, and Dogecoin (cbADA, cbLTC, cbXRP, and cbDOGE). While these tokens will be available in the future, Coinbase cautions users that they are not currently available for trading. To ensure authenticity, they have provided official contract addresses that users can verify once released. This follows a similar launch of wrapped Bitcoin on the platform in 2024. A notable analyst, Ali Martinez, has highlighted key price points for Dogecoin (DOGE). According to his analysis, DOGE is currently trapped between two price zones: resistance at $0.36 and support at $0.21. The presence of these levels could influence future movement. Notably, nearly 5.7 billion DOGE were moved at the $0.36 level, raising concerns about potential selling pressure if tested again. Conversely, $0.21 is showing strong support as more than 11.1 billion DOGE (nearly 7.5% of circulating supply) traded within that range. A significant price decline from this zone could provide additional support. Meanwhile, the Shiba Inu (SHIB) community is on high alert due to accumulation in a specific price band. IntoTheBlock’s Global In/Out of Money indicator shows a large quantity of SHIB accumulating between $0.000017 and $0.000019, suggesting potential resistance as many holders are poised for profit at this price level. A breakout above this zone could trigger bullish momentum and attract new buyers. Conversely, a rejection might lead to a pullback. If SHIB surpasses this zone, the next barrier range could be between $0.000019 and $0.000024, where 177.63 trillion SHIB were previously bought by 141,410 addresses. However, support levels lie below Shiba Inu’s current level at approximately $0.000014 to $0.000016. This zone saw the purchase of 50,940 addresses and 30.36 trillion SHIB.