Dogecoin's network activity has dropped to its lowest level since October 2024, with fewer whale transactions and active addresses.
The decline in whale transactions and active addresses suggests a bearish outlook for Dogecoin, potentially leading to further price declines.
Dogecoin's open interest has also dropped to December 2024 levels, indicating a risk of a price crash below the $0.2 psychological level.
Crypto analyst Trader Tardigrade suggests this might be the final pullback before Dogecoin experiences the next leg up, with a potential rally to as high as $7.