Dogecoin On-Chain Activity Hits 6-Month High: Eyes On $0.30 Flip or Breakdown?

2025-05-16 15:38:14

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Dogecoin’s active addresses spike to a 6-month high, reflecting peak retail engagement and renewed market attention.
On-chain metrics show transacted coin acquisition cost and realized profits nearing February levels, hinting at potential distribution.
DOGE trades at $0.226, with key resistance at $0.30 and support at $0.20; failure to flip could trigger retest of $0.145 trendline.
Technical indicators (MACD bullish, RSI 62) suggest consolidation; breakout above $0.30 may open room for $0.36–$0.41 upside.

The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.

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