Dogecoin shows a major on-chain signal again, highlighting a critical level that might change the market trend.
Dogecoin On-Chain Data Signals Potential Trend Reversal
On-chain data for Dogecoin (DOGE) shows a surge in a key metric that previously predicted trend reversals, hinting at a possible bullish turn. After bouncing off a critical support level, could DOGE be setting up for a new upward move?
According to BitInfoCharts, the number of daily active addresses (DAAs) on the Dogecoin blockchain spiked to 67,511 on December 3 — the second-highest level in the past three months.
The only higher reading in this period was on September 15, when DOGE reached a local peak of $0.30 before retreating to current levels. At that time, the spike suggested a flurry of buying and selling activity as wallets exchanged DOGE at elevated prices.
This time around, following a 50% pullback, the high activity may indicate that DOGE is once again at a contested zone, with both bulls and bears vying for control.
In the past 24 hours, DOGE has climbed 3.5% to $0.14, bouncing off a key support level it has held three times before. Trading volumes have more than doubled, signaling growing buying pressure. Combined with increased wallet activity, these factors suggest that Dogecoin could be gearing up to reverse its downtrend.
Key Levels to Watch
The crucial area for DOGE is $0.16. A move above this level would break the token’s bearish structure and confirm a trend reversal. The first major target after that would be the 200-day exponential moving average (EMA), a zone historically associated with high trading volume.
A successful breakout above this level would suggest a positive mid-term outlook, potentially pushing DOGE back toward its September 2025 highs, when daily active addresses last peaked.
This week is especially important as the Federal Reserve is set to announce its interest rate decision on Wednesday. A rate cut could give crypto prices the boost they need to reclaim recent highs.
Maxi Doge ($MAXI) Presale Gains Momentum
While DOGE looks to rebound, attention in the meme coin space is also turning to early-stage presales. Maxi Doge ($MAXI) has become one of the most talked-about projects, raising over $4 million despite broader market turbulence.
$MAXI is designed for high-risk, high-reward traders, building a community of “degen” investors who thrive on speculative trades.
Through fun events like Maxi Ripped and Maxi Gains, holders can earn rewards and bragging rights by showcasing the returns on their wildest trades. The project also provides an exclusive hub where participants can share trading strategies and early investment opportunities.
Additionally, Maxi Doge plans to allocate up to 25% of presale proceeds to YOLO trades, with profits reinvested into its treasury and marketing efforts to sustain growth.
To participate in the $MAXI presale, investors can visit the official Maxi Doge website and connect a compatible wallet such as Best Wallet. Purchases can be made with USDT, ETH, or a bank card in just a few clicks.
