DOGE is making headlines as it forms a compelling double bottom chart pattern, often a precursor to bullish momentum.
is making headlines as it forms a compelling double bottom chart pattern, often a precursor to bullish momentum. At press time, Dogecoin was trading at $0.4043, reflecting a 2.68% decline in the last 24 hours.
Therefore, breaking above this resistance could confirm the bullish setup and potentially lead to a rally toward $0.50 or higher. With traders closely monitoring this level, Dogecoin’s short-term momentum hinges on its ability to break out decisively.Additionally, Dogecoin’s on-chain metrics reveal a dramatic rise in network activity. Over the past week, new addresses have increased by 102.4%, while active addresses have surged by 111.32%.
Furthermore, zero-balance addresses, an indicator of new wallet creations, have grown by an impressive 155.33%, further solidifying the narrative of increased adoption.Dogecoin’s transaction volume has also seen consistent growth. Over the past seven days, the network has maintained an average of 715.85k transactions, with a peak of 856.75k during this period.
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