Dogecoin network activity has surged in the past week, but DOGE price hasn’t moved yet.

Well known memecoin Dogecoin DOGE has been exchanging sideways, over the 200-day remarkable moving normal (EMA) since Jan. 7. DOGE cost is down 0.4% throughout the past week and 14% over the course of the past month, and, surprisingly, however the specialized arrangement alludes to additional misfortunes for DOGE, the new spike in network movement is fascinating.

Dogecoin network activity surges

Dogecoin is encountering a huge expansion in its organization movement. Information from market insight firm IntoTheBlock shows north of 890,000 new Dogecoin addresses have been made throughout the last week.

As new users carry out their first transactions on the blockchain, this rise in new addresses coincides with an adoption rate of 86%.

Additional data from Santiment shows a spike in daily active addresses (DAA), which increased from 124,240 on Jan. 23 to more than 498,000 on Feb. 2.

This resurgence in network activity could be due to the release of the iconic Doom video game on the Dogecoin blockchain and the upcoming DOGE-1 launch.

These elements have produced revenue in the Dogecoin organization, and assuming this direction remains, DOGE cost could respond in the event that financial backers start to take positions in the coin.

Notwithstanding, the specialized arrangement recommends that the cost is ready for a more profound revision from the ongoing levels.

DOGE’s descending triangle could attract more bears

Since Dec. 6, 2023, DOGE cost activity has been described by a progression of worse high points and somewhat equivalent lows around $0.078, and a sliding triangle has showed up on the day to day diagram.

Get to know Godleak

Godleak crypto signal is a  service which provide profitable crypto and forex signals. Godleak tried to provide you signals of best crypto channels in the world.

It means that you don’t need to buy individual crypto signal vip channels that have expensive prices. We bought all for you and provide you the signals with bot on telegram without even a second of delay.

Godleak crypto leak service have multiple advantages in comparision with other services:

•  Providing signal of +160 best crypto vip channels in the world
• Using high tech bot to forward signals
• Without even a second of delay
• Joining in +160 separated channels on telegram
• 1 month, 3 months , 6 months and yearly plans
• Also we have trial to test our services before you pay for anything

For joining Godleak and get more information about us only need to follow godleak bot on telegram and can have access to our free vip channels. click on link bellow and press start button to see all features

Join for Free

☟☟☟☟☟

https://t.me/Godleakbot

Also you can check the list of available vip signal channels in the bot. by pressing Channels button.

This negative specialized development is affirmed once the cost creates an unequivocal close underneath the help line — shaped by the equivalent lows. This ventures a drop in value equivalent to the level of the triangle

Despite this pessimistic outlook, the relative strength index (RSI) is in the neutral zone at 45, a hint at traders’ current indecisiveness.