Discover how Dogecoin's (DOGE) price drop stirs market debate and Sui aims for $5, while Web3 ai's $777K giveaway and AI toolkit launch position it as a potential breakout

In the dynamic landscape of cryptocurrencies, Dogecoin (DOGE) encountered another setback, slipping to $0.219. However, despite this decline, the coin rebounded 15% week-over-week as attention shifted towards the coin’s performance. Notably, there was a 660% surge in trading volume, largely driven by whale activity. Indeed, these large wallets accumulated over 1 billion DOGE, increasing their collective holdings to 26 billion coins.

Furthermore, the network witnessed a 300% spike in user activity, reaching over 280,000 active wallets—the highest count in six months. This signifies heightened engagement with the Dogecoin ecosystem.

As for support, it appears strong between $0.212 and $0.217, while resistance is evident at around $0.235. According to analysts, the current pullback could set the stage for a future rally if the aforementioned resistance is breached.

At the time of writing, the crypto market is cautiously optimistic, with the Fear & Greed Index reading 74 and indicating slight greed. In the short term, traders are targeting a rise to $0.2258, while long-term estimates continue to aim for $1 and above in 2025. Overall, DOGE maintains its presence in the meme coin sphere with real market depth.

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News data source: kdj.com

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