Dogecoin’s Network Activity Falls to Six-Month Low: What Next for DOGE Holders?

• DOGE network activity drops to a six-month low, reducing whale trades and active addresses.
• DOGE price consolidation continues, with weak momentum but signs of long-term bullish accumulation.
• Whale participation declines, limiting liquidity and delaying potential price breakouts for DOGE holders.

Dogecoin’s network has slowed to levels not seen since October 2024. Daily active addresses have dropped below 60,000, while large whale transactions have fallen to just 66. This decline raises concerns about future price movement. With DOGE stuck in a tight range, investors wonder if a breakout is coming or if more losses are ahead. Looking at price trends and whale behavior may offer insights into the next move.

DOGE Struggles to Gain Momentum

The price of Dogecoin has remained in a narrow range over the past week. After reclaiming the $0.143 support level, the memecoin has failed to show strong movement. Weakened bullish momentum on the daily chart has kept DOGE from breaking higher. At the moment, DOGE trades at $0.1837, reflecting a 4.4% increase in the last 24 hours. This small recovery has not been enough to spark a strong rally.

However, the weekly chart suggests slow accumulation, hinting at a possible long-term shift. A stronger crypto market could push DOGE toward key resistance levels. On the other hand, losing the $0.143 support may lead to a drop toward $0.12. Until clearer signals emerge, price action remains uncertain.

Whale Activity and Retail Interest Decline

Whale transactions often drive Dogecoin’s price movements. Large investors provide liquidity and push momentum. Lately, those transactions have dropped to just 66, showing reduced activity from major holders.

Retail interest has also faded, with fewer daily transactions recorded. Less engagement means lower liquidity, making price movements less dramatic. Without renewed buying pressure, DOGE could struggle to gain traction.Despite the slowdown, signs of accumulation suggest potential for future gains.

If Bitcoin and other major cryptocurrencies turn bullish, DOGE could benefit. For now, traders should watch resistance levels and whale movements for clues about the next big move. A breakout from the current range will determine where the price heads next.