Dogecoin ($DOGE ) is catching the eye of crypto traders again. Currently trading at about $0.1757, DOGE has been showing some promising technical signals that many believe could set the stage for further gains.
Recent data reveals a surge in activity—active addresses have jumped by over 400%, indicating that more users are engaging with $DOGE than before. This surge in network activity is a positive sign for the coin’s momentum.
On the technical side, the Relative Strength Index (RSI) is currently hovering around 50, which suggests that $DOGE is in a neutral state. However, rising trading volume is a bullish indicator. Analysts are watching closely as DOGE tests key price levels: support appears around $0.165 while resistance is near $0.18. If DOGE manages to break above the resistance level of $0.18, it may trigger a strong rally, pushing the price higher.
While these signals are encouraging, it's important to remember that the cryptocurrency market is highly volatile. Traders are advised to do their own research and manage risk appropriately before making any moves.