Dogecoin Network Activity Surges to 3‑Month High
Dogecoin’s network activity has surged to its highest level in three months, signaling potential shifts in the market. Data from BitInfoCharts shows that the number of daily active addresses on the Dogecoin blockchain reached 67,511 on December 3, marking the second‑highest level in three months. This spike suggests increased interest and potential market movement.
Price Action and Trading Volume
In the past 24 hours, Dogecoin has risen 3.5%, bringing its price to $0.14. This level has acted as a key support, with the token bouncing back from this point three times already. Trading volumes have more than doubled, indicating a rapid increase in buying pressure.
Critical Technical Levels
The next critical level to watch is $0.16. A move above this mark would signal a trend reversal and break the current bearish pattern. The first target would be the 200‑day exponential moving average (EMA), a high‑volume price zone. A bullish breakout above this line could confirm a positive mid‑term outlook for Dogecoin, potentially pushing it back toward its September 2025 levels.
Macro Influence: Federal Reserve Decision
This week is crucial for the markets as the Federal Reserve is set to announce its interest‑rate decision. A rate cut could boost crypto prices, potentially pushing them back to recent highs.
Emerging Meme‑Coin Opportunities
Amidst the meme‑coin market’s potential breakout, attention is shifting to early‑stage presales with high upside potential. Maxi Doge ($MAXI) is one such presale gaining traction. Despite market turmoil, Maxi Doge has raised over $4 million, attracting investors with its community‑driven approach and promises of high rewards.
Outlook
As Dogecoin’s network activity hits a three‑month high and the price holds steady at a key support level, all eyes are on the Federal Reserve’s decision and potential market shifts. With new meme coins like Maxi Doge gaining attention, the crypto market is poised for an interesting period ahead.
