Dogecoin Price News: Activity Hits 3-Month High but DOGE Price Action Remains Range-Bound
Dogecoin network activity reached a three-month high, yet DOGE's price remains range-bound below $0.1409 resistance despite significant whale accumulation.Summary
Dogecoin (DOGE) is experiencing a divergence between strong on-chain fundamentals and weak technical price action. Network engagement hit 71,589 active addresses, the highest since September, and whales accumulated 480 million DOGE between December 2–4. However, the price remains constrained, struggling to break the critical resistance level at $0.1409 due to strong overhead selling pressure and distribution. Technical analysis shows DOGE is consolidating tightly between $0.1393 and $0.1400 following a decisive rejection on high volume. Traders should watch the $0.1409 resistance for a potential breakout toward $0.142, or a drop below $0.1393 could lead to a retest of $0.1380, suggesting consolidation is likely until a clear catalyst emerges.
(Source：CoinDesk)