Dogecoin Activity Hits 3-Month High Despite Price Struggles
Dogecoin (DOGE) saw network engagement climb to 71,589 active addresses—its highest since September—highlighting stronger on-chain activity even as price remains stuck below $0.14.
Whales have been actively accumulating, buying 480 million DOGE between December 2–4 and increasing large-holder balances from 28.0B to 28.48B. Yet, price momentum remains constrained, failing to break key resistance.
DOGE’s attempt to surpass the $0.1409 level faltered after a 333M-volume surge—79% above average—triggered an immediate rejection, signaling strong distribution at this psychological barrier.
The token continues to trade in a tight range between $0.1393 and $0.1400. Volume contraction after the failed breakout reflects market indecision and weak buyer conviction. Intraday charts show a brief dip below $0.140 support, pushing DOGE to $0.1392 on heightened activity above 15M, establishing new resistance at $0.1400.
Despite accumulation from whales, the technical outlook remains weak: momentum is fading, and lower timeframes show no clear trend reversal. DOGE declined 1.2% from recent highs of $0.1522 to $0.1395, with multiple failed attempts to breach $0.1409.
The most notable activity occurred at 07:00 UTC, when the 333M-volume spike coincided with sharp resistance rejection. Subsequent weakness drove DOGE to $0.1392, forming intraday support at $0.1393 and consolidating near the $0.1395 midpoint.
