Dogecoin Activity Hits 3-Month High as Price Remains Range-Bound
Dogecoin (DOGE) network activity surged to 71,589 active addresses—its highest since September—indicating stronger on-chain engagement despite subdued price action.
Whales have been actively accumulating, purchasing 480 million DOGE between December 2–4, lifting total large-holder balances from 28.0B to 28.48B. However, price momentum remains muted, stuck below the $0.14 level.
DOGE’s attempt to reclaim the $0.1409 resistance failed decisively, as a 333M-volume spike—79% above average—prompted immediate rejection. This highlights persistent distribution pressure at the psychological barrier.
The token remains in a tight consolidation range between $0.1393 and $0.1400. Following the failed breakout, volume contraction reflects market indecision and low buyer conviction. Intraday charts show a minor dip below $0.140 support, pushing DOGE to $0.1392 on elevated activity above 15M. This move widened the consolidation range and established new resistance at $0.1400.
Despite whale accumulation, the technical outlook remains weak. Momentum has slowed, and lower timeframes show no confirmed trend reversal. DOGE declined 1.2% from $0.1522 highs to $0.1395, with multiple failed attempts to breach $0.1409.
The most significant activity occurred at 07:00 UTC, when the 333M-volume surge coincided with a sharp rejection from resistance. Subsequent weakness drove DOGE to $0.1392, forming intraday support at $0.1393 while consolidating near the $0.1395 midpoint.
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