DOGE Latest News: Dogecoin Holds $0.14 Floor as Network Activity Hits 3-Month High
Dogecoin is consolidating near a $0.14 support level while network activity reaches a three-month high, signaling an impending directional move.Summary
Dogecoin recently marked its 12th anniversary, but market focus remained on technical patterns and network metrics rather than price action. On-chain data showed daily active addresses hitting 67,511 on December 3, the second-highest level in three months, indicating renewed user engagement.
Technically, DOGE consolidated in a tight range between $0.1406 and $0.1450, showing strong buying interest at the $0.14 support level, which was tested three times. This compression structure, coupled with converging MACD curves and rising lows, suggests an accumulation pattern is forming. Volume also jumped significantly, confirming institutional interest around range lows.
Traders are watching for a resolution, with $0.16 identified as the critical breakout threshold for a trend continuation. Failure to hold the $0.14 support risks a drop toward deeper support near $0.081. The combination of increased network activity and tightening volatility suggests a significant move is approaching soon.
(Source：CoinDesk)