Dogecoin (DOGE) Shows Bullish Momentum Above SMA but Needs Increased User Engagement for Sustained Gains

Dogecoin’s continued bullish momentum, trading above the 9-day Simple Moving Average (SMA), indicates potential further gains. Despite the positive trends, a decline in whale transactions and active addresses points to a need for higher user engagement. As of this writing, Dogecoin (DOGE) is trading at $0.125656, reflecting a 2.73% increase in the last 24 hours.

Source: CoinOtag