Dogecoin active addresses spike 15x, but why isn’t DOGE responding?

• Doge sees 15x Spike in active addresses, but the price is trying to break around $ 0.24.
• Traders are tilted strongly on binance and risk sharp liquidation if the bull momentum fails.

Dogecoin [DOGE] He buzzes on a chain, with a Mammota tip in active addresses. In addition, binance traders put 3: 1 long bets in anticipation of the Rally Duge.

But despite the bull background, Doge’s price action remains stubbornly flat – they indicate under all the deeper cracks.

DOGE TRADERS will accumulate deck!

Long/short binance ratio continually climbed from approximately 2.0 at the beginning of May to more than 3.0, which means three times as many traders bet DOGE climb than a fall.

Green bars – representing long positions – have been constantly dominating the chart since the end of April and showed confidence among bull traders.

This type of chamfer often indicates a growing speculative interest, but also increases the risk of overcrowded trade.

If the price cannot follow, these long -term positions could quickly relax and trigger sharp repairs.

Addresses increased nearly 15 times

Daily active addresses exploded from an average of about 45,000 to more than 680,000 14th May – according to a stunning 15x in less than three days, according to Data Santiment.

This usually shows an increased user’s interest or extensive distribution events.

Although such spikes often precede pricing escapes, they could also be driven by short -term hype or automated wallets. Whether this increase is reflected in a permanent price action must be seen.

Price stalls in spite of madness

After hitting a local high height above $ 0.24, dogecoin withdrew back to approximately $ 0.22 at the time of printing; Publication of four consecutive red candles.

RSI at 61 was above neutral, but down from the recent maximum – shows the decreasing bull momentum.

Meanwhile, the price remained above the 20 -day SMA, suggesting structural support, but the rejection of the upper Bollingers shows that the resistance is solid.

As long as the purchase of pressure has been restored or external catalysts appears, the DOGE can continue to consolidate and resist the bull sentiment on the chain… for now.