Dogecoin Price Eyes $0.12 Breakout as Network Activity Begins Cooling—Will Bulls Reach $0.135?
The post Dogecoin Price Eyes $0.12 Breakout as Network Activity Begins Cooling—Will Bulls Reach $0.135? appeared first on Coinpedia Fintech News The Dogecoin price has continued to show gradual strength over the past few weeks as the token steadily recovered from its lower support range near $0.09. Despite facing broader market volatility, DOGE managed to climb toward the crucial $0.117 resistance zone, signaling growing bullish momentum in the short term. However, the latest rejection near this range suggests traders are booking the profits as the price approaches a major breakout level. Is DOGE preparing for a bullish breakout above resistance, or will the current rejection trigger another short-term pullback before the next major move? DOGE Network Activity Begins to Cool Alongside the price recovery, Dogecoin also witnessed a major rise in network activity earlier this year. Active address data shows multiple spikes above the 100,000 mark during March and early April, reflecting strong speculative interest and rising retail participation across the memecoin sector. However, the latest trend suggests that network activity has started cooling significantly, with active addresses now stabilizing near the 35,000 to 40,000 range. This decline indicates that short-term speculative participation has weakened compared to previous peaks. In most cases, rising active addresses