Dogecoin

bullish

Higher

would

<ul class="wp-block-list">
 <li>Dogecoin’s active addresses jumped 47% in a month, signaling increased engagement and potential market interest.</li>  
 <li>The elevated activity levels in DOGE have not translated into a price increase because the market has stayed stable at $0.1659.</li>  
 <li>The recent movement of tokens from Dogecoin shows a net negative balance which suggests a cooling-down period for investor sentiment after a surge in selling activity.</li> 
</ul>  
<p>The Dogecoin network shows significant growth through increased network operations. The Dogecoin network experienced a 47% rise in active addresses during the last month as the number grew from 110,000 to 163,000. The network activity demonstrates upward momentum as Dogecoin maintains its steady price position at <a href="https://www.coingecko.com/en/coins/dogecoin" rel="noopener noreferrer nofollow">$0.1659</a> during the last 24 hours with a slight 0.2% increase.</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/ali_charts/status/1900082147026669905
 </div>
</figure>  
<h2 class="wp-block-heading" id="dogecoin-sees-surge-in-active-addresses-but-price-remains-steady">Dogecoin Sees Surge in Active Addresses but Price Remains Steady</h2>  
<p>The sharp rise in active addresses suggests increased engagement within the Dogecoin ecosystem. Higher active addresses indicate increased user engagement in the Dogecoin network with various potential reasons including retail market expansion and speculator interest as well as trader transaction volumes. The current rise in active addresses holds greater importance because Dogecoin has traditionally been known as an experimental currency characterized by short-term popularity spikes.</p>  
<p>Despite the spike in network activity, Dogecoin’s price has not experienced major volatility. Over the last 24 hours, its price has fluctuated within a tight range of $0.1656 to $0.1726. This stability may indicate that while participation is increasing, substantial buying pressure has yet to materialize.&nbsp;</p>  
<p>If this current trend persists Dogecoin might advance steadily toward resistance situated at $0.18 during the approaching period. A successful bullish breakout would drive the price beyond $0.20. Slowdown in network activity may cause Dogecoin to return to its support zone which sits at $0.16.</p>  
<h2 class="wp-block-heading" id="dogecoin-faces-selling-pressure-as-outflows-outpace-inflows">Dogecoin Faces Selling Pressure as Outflows Outpace Inflows</h2>  
<p>During late October to mid-November Dogecoin (DOGE) recorded a major price increase that exceeded $0.50 before beginning its descent. During this rally investors poured substantial funds into the market demonstrating their strong conviction about DOGE at that time.</p>  
<figure class="wp-block-image"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdfu6dVIh2IkbpqTbaT0pRCIDBZXIZE0Htkc2xFqJZW5kVhokyVzBd8020WwkTrFQAuf4vQryy42PFV6h1jI196oppHlaZdNgwRYfHAdEhbFSL8ozsNhcXtjL-8WGpJf2xpkKq32Q?key=B0QscWzmNxXfR5z0l4_Yb1ty" alt="">
</figure>  
<p class="has-text-align-center">Source:<a href="https://www.coinglass.com/currencies/DOGE?type=spot" target="_blank" data-schema-attribute="about mentions" rel="noopener noreferrer nofollow">Coinglass</a></p>  
<p>Since reaching its highest price point DOGE has experienced an unbroken price decline leading to its current value at approximately $0.20. Since November the accompanying net flow bars reveal that outflows exceed inflows continuously. During this distribution phase investors sell their assets because they aim to profit or move their resources into different investments.</p> 
<p>The post <a href="https://cryptofrontnews.com/dogecoin-active-addresses-skyrocket-47-but-can-it-escape-the-0-20-price-trap/" target="_blank" rel="noopener noreferrer nofollow">Dogecoin Active Addresses Skyrocket 47%-But Can It Escape the $0.20 Price Trap?</a> appears on <a href="https://cryptofrontnews.com" target="_blank" rel="noopener noreferrer nofollow">Crypto Front News</a>. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.</p>

Dogecoin Active Addresses Skyrocket 47%-But Can It Escape the $0.20 Price Trap?

Table of Contents

CFN

Other articles published on Mar 19, 2025

Volatility Shares launching Solana futures ETFs March 20

RWA boom is inevitable, but BSC sell-offs expose crypto risks: pro

Best Cryptos to Join for Long Term: Qubetics Hits 23,400+ Holders as Cardano and Filecoin Price P...

Bitnomial Exchange to Withdraw Lawsuit Against SEC as XRP Futures Launch Nears

Crypto ETF 2.0: How Meme Coins Are Driving the Institutionalization Trend of ETFs Following BTC

Whales Take Notice of This New Crypto Priced at $0.02 as It Targets a 1,500% Surge

Join our free newsletter for daily crypto updates!