Dogecoin Skyrockets 32% in Active Users, Will DOGE Price Follow?
Release: 2024/08/17 22:34 Reading: 613
Dogecoin Daily Active Users Surge by 32%
Key Insights:
- Dogecoin (DOGE) has experienced a significant increase in daily active addresses, rising 32% in the last 24 hours.
- Daily active addresses indicate network usage levels and can be a leading indicator for price action.
- Daily active addresses for DOGE currently stand at 55,444.
Price Analysis:
- DOGE has rebounded this weekend after declining for three consecutive days.
- Currently trading at $0.101, with a 2.10% gain in the past 24 hours.
- Buyers may attempt to push prices above $0.115 (50-day SMA) to trigger a potential uptrend.
Technical Indicators:
- Resistance levels: $0.115 (50-day SMA), $0.136 (200-day SMA)
- Support levels: $0.10, $0.09, $0.08
Recent Developments:
- Dogecoin Core 1.14.8 has been released, featuring network code updates and bug fixes.
Note: The original article contains external references and other irrelevant information that has been omitted for clarity and relevance.
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