Look quickly!!! Dogecoin is about to soar! Network activity is surging, and the potential is limitless!

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Dogecoin (DOGE) is currently trading at $0.3221, having risen 2.83% in the past 24 hours, attracting more and more attention.

Address growth skyrockets, boosting DOGE market confidence

In the past week, new DOGE addresses surged by 102.4%, active addresses increased by 111.32%, and zero balance addresses skyrocketed by 155.46%, indicating a significant rise in user engagement and ongoing network interaction. However, despite the surge in addresses, trading activity has declined, suggesting that user growth has not yet synchronized with trading volume, and DOGE still needs to enhance real-world applications.

Market sentiment is optimistic, OI increases bullish signals

The open interest (OI) for DOGE has increased by 6.38%, showing that traders remain optimistic about future price trends. This indicates that market sentiment is confident about DOGE's short-term prospects.

Technical indicators suggest rebound potential

DOGE's price trend indicates that the RSI is close to the oversold region (37.99), typically signaling a rebound opportunity. A breakthrough of the key resistance level at $0.384 will lay the foundation for continued upward movement.

Although DOGE demonstrates strong network growth and market sentiment, it still needs to bridge the gap between user adoption and trading activity to solidify its long-term position.

Click on the avatar for live updates, watch the live stream to catch the bull market!