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Dogecoin (DOGE) Price: $3 Target Within Reach As Network Activity Surges
The recent price action of Dogecoin (DOGE) has caught the attention of many market participants, with a short-term rally potentially on the horizon. The cryptocurrency has rebounded 5.38% after bouncing from key support, following a steep 70% decline from its cycle high in November 2024.
Dogecoin is now trading at $0.172, having hit a low of $0.142 just three days prior. This modest recovery marks the first step towards reclaiming higher grounds for DOGE. The price action has been largely influenced by an increase in network activity.
As Dogecoin’s popularity continues to rise, it may be wise to reassess the current trend and any possible future implications on its market value. While a bearish outlook still persists due to certain weekly chart indicators, some traders believe that DOGE could still have room for growth.
Source: https://blockonomi.com/dogecoin-doge-price-3-target-within-reach-as-network-activity-surges/
