Dogecoin Nears 8 Million Holders as Price Eyes Key Resistance

Dogecoin (DOGE), the popular meme cryptocurrency, is closing in on a major milestone with 7.97 million holders, according to new data from Santiment. This places DOGE third among the most widely held digital assets, trailing only Bitcoin and Ethereum. The surge in wallet addresses reflects growing investor interest and network strength—key factors that often precede price action.

Currently trading at $0.1845, DOGE has posted a modest 0.45% gain over the past 24 hours. Market analysts are closely watching the $0.20 resistance level. A high-volume breakout above this threshold could drive significant upward momentum, especially with support from the expanding holder base. Such technical patterns are often seen as bullish signals in the crypto market.

However, DOGE’s longer-term outlook hinges on critical price levels. A breakout above $0.26 could push the price toward $0.38, marking a major rally. On the flip side, if the token drops below $0.14, it could decline further to $0.10, signaling bearish pressure.

The steady rise in Dogecoin holders highlights continued community engagement and suggests optimism despite recent market fluctuations. As the meme coin nears the eight million holder mark, it reinforces its status as a mainstream digital asset with strong retail support.

With meme coins gaining fresh attention and DOGE’s fundamentals showing signs of strength, the coming weeks could prove pivotal. Traders and investors alike should monitor key resistance and support zones, as well as on-chain data, to assess potential price movements.