CandleFocus

Dogecoin Price Prediction Could Accelerate as Transactions Near 3-Month High 

Author: Content Editor
The price of Dogecoin (DOGE) could experience a boost as network transactions increase, indicating growing interest in the meme coin. With 1.93 million transactions processed last week, the highest since July, DOGE's price drop of 20% over the past 90 days may be lifted. However, transaction levels remain below the peak seen earlier this year, suggesting a rally to DOGE's yearly high is unlikely in the near future. User engagement with Dogecoin is also rising, with active addresses reaching the highest since mid-August. Some investors believe that a DOGE pump could trigger an altcoin season, while others expect a massive run to occur in 2025. Currently, DOGE is trading at $0.10, and a breakout from the descending triangle pattern could result in a potential price increase of up to 461% to $0.56. However, a breakdown below $0.097 may indicate a return to a bearish trend.

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