DOGE’s On-Chain Momentum Signals Potential Price Surge

Dogecoin (DOGE) is demonstrating strong network activity, with key on-chain metrics pointing to growing momentum despite its price hovering around $0.2250. Analysts suggest this could pave the way for short-term price appreciation, as increased active addresses, transaction volume, and whale activity indicate strengthening fundamentals for the meme coin.

Dogecoin Thrives as On-Chain Activities Soar

Dogecoin’s network is showing signs of robust health, with key on-chain metrics trending upward despite its price stabilizing NEAR $0.2250. Analysts point to increased active addresses, transaction volume, and whale activity as indicators of growing momentum.

Crypto analyst Ali Martinez highlights these developments as potential catalysts for short-term price appreciation. The meme coin’s fundamentals appear to be strengthening even as it maintains its volatile nature.

Dogecoin On-Chain Activity Hits 6-Month High: Eyes On $0.30 Flip or Breakdown?

Dogecoin’s network activity has surged to its highest level in six months, with active addresses peaking—a clear signal of renewed retail interest. The meme coin’s transacted acquisition cost and realized profits now mirror February’s metrics, suggesting potential distribution phases ahead.

Currently trading at $0.226, Doge faces a critical test at the $0.30 resistance level. A failure to breach this threshold could trigger a retracement toward the $0.20 support zone, with a deeper fallback to $0.145 possible if selling pressure intensifies.

Technical indicators paint a cautiously optimistic picture: the MACD remains bullish, while the RSI at 62 points to consolidation. A decisive breakout above $0.30 could open the path to $0.36-$0.41—a 60-80% upside from current levels.

Dogecoin Eyes $0.35 as Whale Accumulation Signals Bull Flag Breakout

Dogecoin is trading within a bullish flag pattern, with whale activity suggesting potential upward momentum. The meme coin has gained 3.56% today, reaching $0.2270, as the broader meme coin sector recovers from consolidation.

Technical analysis reveals a narrowing range following Dogecoin’s peak at $0.25 on May 11. Despite weakening bullish momentum and lower highs forming a descending trendline, strong support at $0.2183 has created a triangle pattern. The 53% surge last week reinforces the bull flag formation, with a current 3% gain near the baseline indicating possible continuation.

Dogecoin Whale Activity Sparks Rally Speculation

Dogecoin’s price shows signs of recovery as the memecoin market capitalization surpasses $68 billion. The asset now commands over 50% dominance in its sector, drawing attention from previously dormant investors.

On-chain data reveals heightened whale activity, with prominent analyst Ali Charts noting significant wallet movements. This surge in large transactions often precedes major price volatility, fueling speculation of a push toward DOGE’s 52-week high.

The broader cryptocurrency market’s bullish reversal provides tailwinds for meme assets. Dogecoin’s established position as the sector leader makes it a bellwether for speculative capital flows into alternative digital assets.