Dogecoin On-Chain Activity Hits 6-Month High: Eyes On $0.30 Flip or Breakdown? 🐶
Dogecoin is experiencing a significant surge in on-chain activity, with active addresses reaching a six-month high. This increase reflects heightened retail engagement and renewed market interest. The on-chain metrics indicate that the transacted coin acquisition cost and realized profits are nearing levels last seen in February, suggesting potential redistribution.
Currently trading at $0.226, Dogecoin faces key resistance at $0.30, which, if not flipped, could lead to a retest of the $0.145 trendline. Market participants are closely monitoring its performance to gauge future price movements.
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