#DOGE Are you awake? On-chain indicators are soaring!
On Thursday, Dogecoin rose by 4%, priced at $0.14, with a market cap of about $21 billion and a 24-hour trading volume close to $1.6 billion📈. The number of active wallets surged to over 67,500, marking the second highest in nearly three months, attracting the attention of traders and analysts.
Support levels have stabilized around $0.14, holding firm multiple times, which has increased buying interest. In the short term, mixed signals are present: the price has fallen about 5–7.5% over the week, and approximately 60% over the past year. $0.16 is seen as the next significant resistance, and a breakthrough could bring short-term upward momentum.
However, don't forget that the surge in active on-chain addresses could also just be a result of large holders restructuring or bot activities. On the macro front, the Federal Reserve meeting has increased interest rate uncertainty, and #美联储FOMC会议 may have a greater impact on the entire market than the on-chain data of a single token.
