Dogecoin Hits 3-Month High in Activity as Price Stays Range-Bound
Dogecoin (DOGE) network activity surged to 71,589 active addresses—its highest level since September—reflecting stronger on-chain engagement despite stagnant price action.
Whales have been steadily accumulating, purchasing 480 million DOGE between December 2–4 and increasing large-holder balances from 28.0B to 28.48B. Yet, DOGE continues to struggle below the $0.14 threshold, facing persistent resistance.
A recent attempt to break above $0.1409 failed, as a 333M-volume spike—79% above average—triggered an immediate rejection, indicating heavy distribution at this key psychological level.
The token remains range-bound, consolidating between $0.1393 and $0.1400. Volume contraction following the failed breakout points to market indecision and weak buyer conviction. Intraday activity briefly pushed DOGE below $0.140 support to $0.1392 on elevated volume above 15M, establishing new resistance at $0.1400.
Despite whale accumulation, technical indicators remain weak. Momentum is fading, and lower timeframes show no confirmed trend reversal. DOGE dropped 1.2% from recent highs of $0.1522 to $0.1395, with multiple unsuccessful attempts to breach $0.1409.
The most notable activity occurred at 07:00 UTC, when the 333M-volume spike coincided with resistance rejection. Subsequent weakness brought DOGE to $0.1392, forming intraday support at $0.1393 and consolidating around $0.1395.
