Dogecoin Holds $0.14 Floor as Network Activity Hits 3-Month High

Source: CryptoNewsNet Original Title: Dogecoin Holds $0.14 Floor as Network Activity Hits 3-Month High Original Link:

Memecoin Posts Modest Advance with Elevated Trading Activity

Memecoin posts modest advance with elevated trading activity while technical patterns signal consolidation near key support.

News Background

• Dogecoin marked its 12th anniversary on December 6, twelve years after creators Billy Markus and Jackson Palmer introduced the meme-token that would later evolve into a major crypto asset supported by persistent community engagement.
• Despite the milestone, the market reaction was muted, with trading driven instead by technical structure and network activity.
• On-chain data showed daily active addresses reaching 67,511 on December 3 — the second-highest level in three months — underscoring renewed user participation even as price action remains contained.

Technical Analysis

• DOGE spent the session consolidating within a tight $0.1406–$0.1450 band, forming a compression structure designed to resolve into a broader move. The token bounced from $0.14 support three separate times, showing active buying interest at the lower boundary of the range.
• Each rejection of deeper downside came with declining sell volume, a constructive signal for potential upside resolution.
• Hourly charts revealed a notable volatility pocket around 03:19–03:22 GMT, where price dipped to $0.1405 before recovering, reinforcing an ascending intraday support line.
• MACD curves continue to converge toward a bullish cross, while range contraction and higher lows hint at an early-stage accumulation pattern rather than distribution.