Only 66 whale transactions and less than 60,000 active addresses – can we bounce?

Dogecoin’s price is struggling to maintain a bullish rally in the middle of the drop in active addresses, lower whale transactions and a reduction in user engagement.

Dogecoin (DOGE) has extended its drop, currently negotiating around $ 0.2329, reflecting a drop of 4.77% in the last 24 hours. This new decline aggravates its weekly performance, now to a drop of 11.57%. This current collapse occurs while cryptocurrency is struggling to maintain the interest and activity of investors within its ecosystem.

After having culminated at the end of 2024, the Doge prices trajectory showed a coherent downward trend, temporary tips quickly giving room for new decreases. The persistent decline raises concerns concerning the stability of the Dogecoin market and the potential for future growth.

Dogecoin user activity in decline

One of the key indicators of the decline in the drop in Dogecoin is the significant drop in daily active addresses. Walk data Active daily emissions fell below 60,000 per day, marking the lowest level since October 2024.

This decrease suggests a reduction in user engagement and decreasing interest in cryptocurrency. In addition, the volume of USD transactions has also decreased, reflecting the drop in active addresses and the Doge price. Although the volume of transactions previously increased during price peaks, it gradually decreased.

Reduction of whale transactions

Another critical factor contributing to the slow performance of Dogecoin is the drop in whale transactions greater than $ 1 million. The number of current whale transactions fell to only 66 per day, significantly lower than the frequency observed during overvoltages of previous prices.

This reduction suggests that large holders are now less active on the market, which has a potentially impact on volatility and prices. Historically, whale transactions have played a crucial role in the influence of cryptography prices.

Dynamics of the change holder

Data On the Dogecoin sales by the time kept reveals other information on the dynamics of the changing market. There was a recent decrease of 2.67%, a significant decrease of 11.81% and a significant increase of 107.45% in different maintenance categories.

This trend reflects a decrease in medium -term holders and an increase in short -term merchants, aligning the overall drop in whale transactions and active addresses.

Escape on the horizon?

Despite the current tendency in progress, an analyst remains optimistic about the future of Dogecoin. Late analyst pseudonym Tardigrade describe Doge’s current consolidation as a “boring phase”, comparing it to a period of stagnation in 2017 which finally led to a price wave of almost 15 times.

According to historical models, DOGE could feel a significant escape exceeding $ 1.30 after March 2025. However, these optimistic perspectives is based on renewed interest and increased activity within the ecosystem.