Dogecoin’s 163% Rise This Month Sends Active Addresses to ATH | Airdrop Alert Pro

Dogecoin has shown remarkable stability following its recent explosive rise, rising 163% this month. Despite the slight volatility, the meme coin’s bullish momentum remains intact.

Current market signals suggest further price gains are likely, driven by increased network activity and strong investor sentiment.

Dogecoin is growing strongly

Dogecoin’s active addresses hit a record high, with more than 1.33 million daily active users. This surge reflects increased demand on the network, which is a bullish indicator for cryptocurrencies. Increased participation often correlates with price increases, as high activity indicates strong investor interest and widespread adoption of DOGE.

Expanding transaction volumes indicate broad participation, increasing Dogecoin’s credibility. Increased network activity has historically supported price gains, a trend that suggests DOGE could capitalize on its current momentum. Investor enthusiasm, combined with broader market cues, may maintain upward pressure on meme coin prices.

The Dogecoin price Daily Active Addresses (DAA) divergence indicator is sending out a strong buy signal, further supporting Dogecoin’s prospects. This metric highlights the harmony between rising prices and increased participation, both reflecting healthy growth. DOGE appears poised for continued gains as network activity aligns with price action.

Additionally, macroeconomic factors, including Bitcoin’s continued rise, are creating a positive environment for altcoins. Dogecoin’s recent performance is consistent with this broader trend, and market hype continues to support Elon Musk’s influence on the cryptocurrency DOGE’s growth trajectory.

DOGE Price Prediction: Guaranteed Profits

Dogecoin It is currently holding steady above the support at $0.36. To sustain the rally, DOGE must break out and secure support at $0.45. Reaching this milestone could pave the way for further gains, potentially pushing prices higher.

Bullish momentum remains supported by growing market demand and strong investor sentiment. If these factors persist, Dogecoin may continue to accumulate, pushing its price to new highs. Broader market optimism and renewed excitement about DOGE’s utility also contribute to this positive outlook.

However, loss of support at $0.36 could lead to a pullback. In such a scenario, governor may Drop to $0.32 or lower to $0.28. Any decline beyond $0.28 would invalidate the bullish thesis, signaling the possibility of further losses.