🚀 Can the high activity of the Dogecoin network help DOGE’s uptrend?

On January 30, a popular crypto analyst, Ali on X posted a tweet highlighting one of Dogecoin's latest achievements.

According to his tweet, the Dogecoin network is experiencing a significant growth spurt, with the number of new addresses increasing by a staggering 1.100% in the past week! 

On January 29 alone, 247,240 new #DOGE addresses were created, the highest number ever. The steady upward trend of network expansion may soon have a positive impact on the prices of domain names in the $DOGE zone.

Although the above events looked optimistic for $DOGE, this has not yet been reflected in reality.

According to CoinMarketCap, $DOGE has fallen by more than 3.59% in the last 24 hours. 
But despite the negative price dynamics, the sentiment around DOGE has become bullish, as evidenced by the rise in its weighted index yesterday.

Considering the high activity of the network, if $DOGE really manages to start growing, it should exceed the critical resistance zone.