Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin Network Sees Increased
Activity –
Will DOGE Hold $
0.10?
Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin Network Sees Increased Activity – Will DOGE Hold $0.10?
by Sebastian Villafuerte
1 hour ago
in Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin
0
Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin is testing a crucial price level after a turbulent week that saw a
22% surge from local lows and a sharp 9% drop to its current price. The meme
coin has experienced significant volatility, with choppy price action causing
uncertainty among investors.
Related Reading: Bitcoin (BTC• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin) Metrics Point To Local Bottom At $49,500 –
Details
Despite these swings, many analysts and traders believe Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin is primed for
a rally, supported by on-chain metrics. According to data from IntoTheBlock,
Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin’s network has seen a notable uptick in activity, hinting at growing
interest and optimism within the market.
This surge in DOGE activity has raised hopes that a bullish move could be on
the horizon. However, Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin must maintain key support levels to prevent
further downside. The next few days will be critical in determining the meme
coin s direction for the coming months as investors closely watch
whether DOGE can sustain momentum or face additional corrections.
Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin Highest Number Of Transactions Since July
Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin is at a critical turning point, with analysts and investors
anticipating a rally that could propel meme coins to higher price levels.
Data from IntoTheBlock , shared on X, reveals that Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin processed 1.93
million transactions last week, marking the highest weekly transaction count
since early July. Although still well below the February peak, this surge in
activity is a promising sign for the DOGE network, signaling renewed interest
and usage.
Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin processed 1.93M transactions last week. | Source: IntoTheBlock via X
As network activity increases, Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin benefits from the network effect. In
this phenomenon, the value of a cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта rises as more people use it,
making it more desirable and widely adopted.
The rise in transaction volume suggests that more people interact with
Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin, which could spur further demand and drive higher prices.
This uptick in activity has boosted optimism among traders and investors who
expect Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin to hold above its current level of around $0.10. If it
maintains this support, analysts predict an impulse to higher prices, with key
targets around $0.12 in the short term.
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Reveal Strong Demand
However, breaking through this resistance will be crucial for Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin to
solidify a bullish trend. As the meme coin gains momentum, its next few price
movements will determine its trajectory for the coming weeks.
DOGE Technical Analysis: Prices To Watch
Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin (DOGE) trades at $0.1005, following a 9% drop from recent local
highs. The price is testing the 4-hour 200 exponential moving average (EMA) at
$0.1029 as resistance after briefly breaking above this level between Friday
and Monday.
This EMA is a key indicator of short-term market strength, and bulls will need
to reclaim it as support to maintain momentum. DOGE is trading below the 4H
200 EMA. | Source: DOGEUSDT chart on TradingView
A successful close above the 4-hour 200 EMA would signal buyers are regaining
control, setting DOGE up to target higher supply levels around $0.115. This
would align with broader market optimism and suggest a potential recovery in
the coming days.
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Likely?
However, failure to reclaim this level could result in a deeper correction, as
bearish pressure would increase. In this scenario, DOGE could retest local
lows around $0.088, where demand may reemerge, but further downside risk
remains.
Featured image from Dall-E, chart from TradingView