On-chain data for DOGE shows a spike in a key metric that recently predicted a trend reversal. As the top meme coin bounces off a key support, could this favor a bullish Dogecoin price prediction?
According to data from BitInfoCharts, the number of daily active addresses (DAAs) within the Dogecoin blockchain spiked to its second highest level in three months on December 3 at 67,511.
The highest reading during this period occurred on September 15, back when DOGE hit a local top of $0.30 and started retreating to its current levels.
What this metric may have indicated back then is that a significant number of wallets were both buying and selling, as the price hit a high level.
This time, following a 50% retreat from those highs, this could be evidence that this is a highly contested area for both bulls and bears again.
Interestingly, DOGE has gone up by 3.5% in the past 24 hours and currently stands at $0.14. This has been a key area of support for the token from which it has bounced three times already.
Trading volumes have more than doubled, further confirming that buying pressure is increasing rapidly. Paired with higher wallet usage, could Dogecoin be getting ready to reverse its downtrend?
Dogecoin Price Prediction: Key Levels to Watch as $0.14 Holds Strong
Dogecoin has gone up today, and trading volumes are accompanying the move as the token bounces from the $0.14 level.
The pivotal area for DOGE is the $0.16 mark, as a move above this area would confirm a trend reversal and finally break the token’s bearish structure.
The first and most likely target if this happens would be the 200-day exponential moving average (EMA), as this is typically a high-volume price zone.
Meanwhile, a bullish breakout above this key line would confirm a positive mid-term outlook for Dogecoin. If that’s the case, we could see the token spiking back to its September 2025 levels, back when daily active addresses reached their 3-month peak.
This week is critical for the markets as the Federal Reserve will convene on Wednesday to make a decision on interest rates. A rate cut could be exactly what the market needs to propel crypto prices back to their recent highs.
As the meme coin market gears up for a potential breakout, all eyes are shifting to early-stage presales with the highest upside.
Maxi Doge ($MAXI) is one of the most talked-about presales in the space right now, and with momentum building fast, it could be the next major gainer once listings go live.
Maxi Doge ($MAXI) Raises Over $4 Million Despite the Market’s Turmoil
The latest wave of selling has not deterred investors from piling into Maxi Doge ($MAXI).
This new meme coin embodies the hype that comes with bull markets and aims to build a thriving community of ‘degen’ traders who love taking big risks in exchange for big gains.
Through fun competitions like Maxi Ripped and Maxi Gains, $MAXI holders can earn top rewards and bragging rights by showcasing the ROI of their wildest YOLO trades.
They also gain exclusive access to a hub where they can share early opportunities, trading setups, and insights to enhance their trading journey.
Finally, Maxi Doge will invest up to 25% of the presale’s proceeds in a handful of YOLO trades, with the resulting gains used to boost Maxi’s treasury and continue investing in marketing.
To buy $MAXI and join the pump, simply head to the official Maxi Doge website and link up a compatible wallet like Best Wallet.
You can swap USDT or ETH or use a bank card to buy $MAXI in seconds.
Visit the Official Maxi Doge Website Here
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