base-pidgin

Dogecoin (DOGE) is nearing key resistance levels, with strong on-chain activity and building price momentum suggesting a potential breakout. Key levels to watch:

- 50-day Moving Average (MA) at $0.37128
- 0.236 Fibonacci level at $0.36689
- Critical resistance at $0.39879 (0.0 Fib level)

Technical indicators:

- Directional Movement Index (DMI) readings suggest a neutral stance
- Stochastic RSI indicates room for upside before overbought conditions
- MACD indicator reflects bullish momentum

Network activity:

- Daily active addresses spiked in November and remain elevated
- Historically, DOGE's price has correlated positively with spikes in active addresses

Breakout potential:

- A decisive break above $0.40000 could trigger acceleration toward $0.45000
- Key support levels at $0.33015 and $0.28968 provide a safety net

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