Dogecoin activity on the rise: Will it help DOGE hold $0.19 resistance?

Key Points

1. DOGE rebounded from the $0.13–$0.15 demand zone, with Open Interest surging 15.78% to $2.09 billion and Options volume increasing 402%, indicating speculative interest.

2. Whale inflows of $8.23 million suggest improving sentiment, potentially supporting a move toward the $0.19 resistance level.

3. Dogecoin's MVRV Z-score rebounded to 0.355, signaling recovery from undervaluation, though it remains a lagging indicator.

4. Daily active addresses and transaction counts have declined sharply, raising concerns about the sustainability of the current rally.

5. Breaking the $0.19 resistance with strong volume could open a path toward $0.26, but low network activity tempers expectations.