157,000 Dogecoin Active Addresses In 24 Hours, What Is Happening?
Main Idea
Dogecoin (DOGE) network activity surged by 34.91% with 157,190 active addresses in 24 hours despite a price dip, while whales accumulated over 1.1 billion DOGE in 48 hours, raising questions about a potential price reversal.
Key Points
1. Dogecoin's active addresses increased by 34.91% to 157,190 in 24 hours amid a market-wide price decline.
2. DOGE price dropped 2.19% to $0.1996, with trading volume declining 17.91% to $1.45 billion.
3. Whales accumulated over 1.1 billion DOGE in 48 hours, potentially influencing price stability.
4. DOGE faces a key resistance at $0.20, with next support at $0.191 if the level is not reclaimed.
5. Increased network activity and whale accumulation suggest possible short-term price rebound potential.
Description
Dogecoin achieves massive active user uptick amid market uncertainty
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