Dogecoin News - May 7, 2026

📉 Dogecoin (DOGE)

Price: Trading approximately around $0.135. DOGE has entered a consolidation phase, showing a moderate 2.17% decrease over the past 24 hours after failing to break the $0.140 resistance yesterday.

News: Following yesterday's speculative surge, traders appear to be taking profits, leading to the current price pullback. However, on-chain metrics reveal that the number of active Dogecoin addresses has increased significantly over the last 24 hours, suggesting growing network participation despite the price dip. The broader crypto market is also experiencing a breather, which is influencing DOGE's short-term movement. Analysts are now looking for support to hold around $0.130 to maintain the recent bullish structure.