Dogecoin active addresses peak: Dogecoin boasts an all-time HIGH of 9.52 million active addresses, indicating an impressive uptick in network use. However, this increased engagement does not correlate to higher trading volume, highlighting the disconnect between user activity and market interest.

DOGE struggles with trading volume: Dogecoin’s trading volume has fallen sharply from 15 billion USD to 6.6 billion USD, suggesting waning market enthusiasm. This decrease poses a significant challenge for DOGE to achieve the 1 USD price mark. It currently trades below the 20-period EMA, indicating potential further declines.