Dogecoin (DOGE) is showing strong signs of recovery after a period of adjustment. Currently, DOGE is trading around $0.227, up about 4% over the past week. This increase is supported by a significant rise in the activity of active wallet addresses, reaching a six-month high, indicating growing interest from investors.

Technical analysts predict that if DOGE surpasses the resistance level of $0.245, it could continue to rise to $0.27 or higher, especially if the current upward trend is maintained. However, if it cannot hold the support level of $0.22, DOGE may face selling pressure and drop to $0.20 or lower.

The interest from large investors and the increase in trading activity suggest that DOGE remains a noteworthy coin in the cryptocurrency market. However, as with any investment, investors should exercise caution and closely monitor market fluctuations.