DOGE News: Wallets Reach New ATH, But Price Struggles Below $0.20

Dogecoin has seen significant growth in wallet usage, but the price remains stagnant.

Dogecoin Wallets Hit New ATH But Price Continues To Struggle

Dogecoin has reached a new milestone with the number of wallets on the network hitting a new all-time high of 83.48 million. This indicates that more users are actively using the network, which is generally bullish for DOGE. However, despite this positive development, the Dogecoin price continues to struggle and is currently below the psychological $0.20 price level.

Trump Clarifies Staffing Decisions Authority, Not Elon Musk’s DOGE

President Donald Trump has reportedly clarified during a meeting with his Cabinet secretaries that they, not Elon Musk and his Department of Government Efficiency (DOGE), will have the final say on staffing decisions. Trump instructed Cabinet members and Doge to collaborate on spending and workforce reductions, but emphasized that department leaders will ultimately decide on job cuts. Trump shared positively about the meeting on Truth Social, highlighting the importance of reducing levels while keeping the best and most productive people.

Dogecoin Whales Sell 2 Billion DOGE as Price Nears Death Cross

With market conditions becoming more bearish, Dogecoin (DOGE) could lose support at $0.20. The key technical indicator to watch is the impending Death Cross, where the 200-day EMA is on track to cross below the 50-day EMA, marking the first such cross in 8 months. Whale investors have reacted swiftly to the increasing bearishness, selling large amounts of DOGE over the past 48 hours. If the cross happens, it could signal the start of a more prolonged bearish trend.