Key facts: Dogecoin support holds; network activity peaks; futures contracts decline
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- Dogecoin has maintained a strong support level, and analysts believe defending it may ease selling pressure, potentially pushing the asset towards the $0.25 to $0.26 resistance zone.1
- Dogecoin has seen a surge in network activity, with active addresses climbing to 71,589, marking the highest level since September, reflecting a notable uptick in engagement with the Dogecoin network.2
- The total number of active futures contracts for Dogecoin has decreased to 9.82 billion DOGE, valued at around $1.37 billion, reflecting a decline in trader engagement with futures contracts.3