Dogecoin Nears 8 Million Holders as Price Eyes Key Breakout

Dogecoin (DOGE), the popular dog-themed cryptocurrency, is nearing a major adoption milestone with 7.97 million holders, according to data from on-chain analytics firm Santiment. This growing user base solidifies DOGE’s position as one of the most widely held cryptocurrencies, trailing only behind Ethereum and Bitcoin, which have 148.38 million and 55.39 million holders respectively.

The rising number of holders is a strong indicator of Dogecoin’s sustained investor interest and long-term adoption potential. Holder count is often seen as a measure of network health and user confidence, especially when it grows during volatile market periods.

Dogecoin has recently rebounded from a three-day decline, climbing 4.02% over the past 24 hours to trade at $0.187. The price had dipped to a low of $0.168 before staging a modest recovery, in line with a broader crypto market rebound toward the end of the week.

Analysts highlight the $0.20 mark—aligned with the daily 50-day simple moving average (SMA)—as an important resistance level. A breakout above this level with strong volume could signal bullish momentum, supported by Dogecoin’s expanding holder base.

DOGE continues to trade within a wide range between $0.14 and $0.26. A drop below $0.14 could trigger a fall toward $0.10, while a decisive move above $0.26 may open the door to a rally toward $0.38.

As Dogecoin inches closer to 8 million holders, its growing adoption and strong community support may play a key role in shaping its next price trajectory. Investors are watching closely to see if DOGE can break through resistance and confirm a bullish trend.