Dogecoin's network activity picked up steam this week. The number of weekly active addresses surged 16%, signaling renewed interest after a quiet stretch. Price hovered near $0.0698, up less than 1% despite the network surge.
Large holders made moves. Whale accumulation intensified while open interest climbed to $1.10 billion, a sign derivatives traders were positioning for bigger swings. The appetite was there, though momentum on the charts remained neutral and the broader crypto market stayed under pressure.
Analysts see $0.10 as the next realistic target. That level represents roughly a 40% rally from current levels. No guarantee, of course. DOGE has tried and failed to break above resistance before. But the combination of network strength and whale positioning offered at least a reason to watch.
This material is for information only and should not be construed as financial or investment advice. Cryptocurrency markets remain highly volatile and speculative.
