Dogecoin is trading around $0.09556, showing steady upward momentum after rebounding from the $0.094 zone. The price reflects growing buying pressure with a 1.04% gain in the last 24 hours, signaling improving short-term sentiment. The meme coin currently holds a market capitalization near $14.66 billion and records roughly $757 million in 24-hour trading volume, highlighting strong liquidity and active trader participation as bulls attempt to maintain control of the current trend.
Dogecoin Active Addresses Jump 176% to 114K in One Week
According to analyst Ali Martinez, on-chain activity on Dogecoin has surged significantly over the past week. Active addresses increased by 176%, from 41,557 to 114,662, according to the chart. The sharp rise shows a strong expansion in user participation across the network. During this period, DOGE traded around $0.09, reflecting steady market interest as more wallets interacted with the blockchain.
The chart highlights a clear upward trend in daily active users, with the latest bar marking the highest level in the dataset. Rising network activity often signals stronger transaction demand and growing community engagement. Increased address activity can also precede price volatility as trading interest grows. If participation remains elevated while Dogecoin holds near the $0.09 range, the market could see stronger liquidity and renewed bullish sentiment.
Dogecoin Price Tests Key Ascending Support Near $0.095
Meanwhile, Dogecoin is testing its ascending support trendline on the 4-hour chart, according to analyst Trader Tardigrade. The price is hovering near $0.095 after a recent pullback from the $0.10 area. The chart shows several successful rebounds from this rising support line. Each bounce previously pushed DOGE higher, confirming the structure of a short-term uptrend.
If this support holds again, the bullish structure could remain intact. A strong reaction near $0.095 may trigger another upward move toward the $0.10–$0.11 region. However, losing this trendline could weaken momentum and invite further consolidation. For now, the ascending support remains a key pivot for Dogecoin’s next move.
Source: https://coinpaper.com/15441/dogecoin-price-eyes-0-10-breakout-as-active-addresses-spike-176
