CandleFocus Active Dogecoin Wallets Hit 9.5 Million: A Step Toward Mainstream Use?
2024-12-09
Author: Content Editor
Dogecoin (DOGE) has experienced a surge in network activity, with the number of active addresses reaching a record-breaking 9.52 million. This indicates growing user engagement and interest in the cryptocurrency. However, despite this positive trend, declining trading volumes and the coin's price falling below the 20-period Exponential Moving Average (EMA) suggest challenges in reaching the $1 mark. The current price of DOGE is $0.435, and technical analysis points to a potential further drop to around $0.42 or $0.406. Overcoming these obstacles could allow DOGE to rally and inch closer to the $1 milestone. Notably, this article does not provide financial advice.
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