Dogecoin (DOGE) held near $0.0699 as weekly active addresses rose 16%, while derivatives and whale data kept $0.10 in view.
Key Points:
- Weekly active addresses increased from about 38,000 to 44,000.
- Open interest reached $1.10 billion as reported whale buying totaled 200 million DOGE.
- Momentum indicators remained neutral, leaving $0.0720 as the first major upside test.
Dogecoin Network Activity
Dogecoin traded near $0.06978 during a broader crypto market consolidation, even as weekly active addresses climbed to about 44,000 from 38,000. The 16% increase pointed to stronger network participation, but it had not yet produced a sustained price move.
Derivatives data were mixed. Coinglass reported that futures trading volume fell 2.78% to $661.08 million, while open interest rose 2.19% to $1.10 billion.
Options activity weakened more sharply, with volume down 54.64% to $221.54, although options open interest increased 5.51% to $902,920. Separately, large holders reportedly bought another 200 million DOGE through Robinhood, a purchase valued at about $14 million.
The combination shows that traders and larger holders maintained exposure despite lighter activity, but neither metric confirms that buyers can push the price toward $0.10.
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Dogecoin Price Levels
The address increase matters because rising usage can support demand when it appears alongside stronger buying. Ali Charts described the network as “waking up” after weekly activity advanced 16%, though the price remained close to its recent range.
Technical signals offered little confirmation. The moving average convergence divergence indicator stayed nearly flat, with its lines close to the zero level, while the relative strength index stood near 47.
A recovery above $0.07 would put $0.0720 in focus, followed by $0.0750 and $0.0780 if momentum strengthens. Sellers would regain an advantage below $0.0680, with $0.0660 serving as the next downside area.
Dogecoin has spent recent sessions moving sideways after a prolonged decline, so the latest on-chain improvement remains an early signal rather than a confirmed reversal. A move toward $0.10 would require stronger demand and a clear break above the nearby resistance levels.
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