Dogecoin price hits $0.095 as active addresses rise 176%


Dogecoin is trading around $0.09556 and is showing a steady upward momentum after coming back from the $0.094 area. In price reflects Increasing buying pressure, with a 1.04% increase in the last 24 hours, indicates that short-term sentiment has improved. The meme coin currently has a market capitalization of about $14.66 billion and records about $757 million in 24-hour trading volume, highlighting strong liquidity and active trader participation as bulls try to maintain control of the current trend.

Active Dogecoin addresses grow 176% to 114K in a week

According to the analyst Ali Martinez, the activity of the chain is in Dogecoin rose significantly over the past week. According to the table, active addresses increased from 41,557 to 114,662, 176%. The sharp increase indicates a strong expansion of user participation across the network. During this period, DOGE traded around $0.09, which reflects the steady interest of the market as more wallets interacted with the blockchain.

The chart shows a clear upward trend in daily active users, with the last row showing the highest rate in the data set. Increased network activity often indicates strong transaction demand and increased community engagement. An increase in address activity may also precede price volatility as business interest increases. If participation remains high while Dogecoin remains near $0.09, the market may see stronger liquidity and a new bullish sentiment.

Dogecoin price tests key upside support near $0.095

Meanwhile, Dogecoin is test According to the analyst Trader Tardigrade, the rising support line is on the 4-hour chart. The price is close to $0.095 per dollar the last return from $0.10 area. The chart shows several successful reversals from this rising support line. Each bounce previously pushed the DOGE higher, confirming a short-term bullish structure.

If this support is maintained again, the top structure may remain intact. A strong reaction near $0.095 could trigger another upward move to the $0.10-$0.11 area. However, a loss of this trendline could slow the momentum and invite further consolidation. For now, bullish support remains a key pivot for Dogecoin’s next move.

Source: https://coinpaper.com/15441/dogecoin-price-eyes-0-10-breakout-as-active-addresses-spike-176

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