The network activity of Dogecoin (DOGE) has reached a multi-month low, with a decline in whale transactions and active addresses. However, technical analysts are hopeful of a potential breakout as DOGE forms a fourth falling wedge pattern, which has historically preceded major rallies. Previous wedge breakouts led to significant price surges, and traders are looking for another explosive surge in the future. While short-term market sentiment remains uncertain, strong support is seen at $0.06, with resistance levels at $0.08 and $0.12. Despite the drop in on-chain engagement, experienced traders remain optimistic and are closely monitoring for the next breakout.



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