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Dogecoin's active addresses surge to 50,000 amid whale optimism, but price remains under technical pressure.

Technical Signals
05 Jul 2026
Blockonomi
View Source
Neutral
Dogecoin's active addresses surge to 50,000 amid whale optimism, but price remains under technical pressure.

Dogecoin has seen a significant increase in network activity, with active addresses rising to nearly 50,000, indicating growing user engagement. Whale traders are shifting to more bullish positions by reducing shorts and increasing longs, signaling renewed interest from large investors. However, DOGE's price remains under pressure, falling below key support zones and trading below major moving averages, suggesting caution. Analysts are watching the $0.05–$0.06 support area closely, with a potential shift in sentiment if bulls reclaim the $0.118 resistance level.

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