Dogecoin activities reached a three-month peak.

Dogecoin Is Stuck on an Upward Trend Line

Dogecoin is struggling to break above the resistance level of $0.1409, despite reaching the highest network activity in the last three months. The buying activity from large investors (whales) has resulted in an increase of 480 million DOGE among substantial holders.

However, the price continues to remain constrained due to significant selling pressure. Despite positive fundamentals, weak technical indicators suggest that the consolidation period will continue.