Dogecoin’s Bull Flag Triggers Frenzy as Active Addresses Surge 1,000%
Dogecoin (DOGE) isn’t just barking—it’s sprinting. A textbook bull flag pattern has traders piling in, while active addresses explode by nearly 10x. Meme coin or not, the numbers don’t lie.
Behind the surge: A mix of retail FOMO and speculative whales. The ‘people’s crypto’ keeps defying gravity—even as Wall Street sniffs about ‘fundamentals.’ (Spoiler: They still don’t get it.)
Key drivers? Elon’s X-payments rumors won’t die, and DOGE’s low-fee utility keeps it sticky. But let’s be real—this is crypto. Sentiment moves faster than a Shiba Inu chasing treats.
Bottom line: Dogecoin’s proving (again) that in a liquidity-flooded market, ‘joke’ assets cut queues. Just don’t tell the suits.
Thanks to various bullish on-chain metrics, Dogecoin (DOGE) is not relenting in its quest for a competitive advantage.
According to crypto charism Trader Tardigrade, Dogecoin’s bull flag is still playing out, which might have enabled the apex meme coin to surge to the psychological price of $0.30.
A bull flag formation is deemed bullish since it depicts an uptrend continuation after a brief period of consolidation.
This chart pattern, which features a flagpole, flag, and breakout, is often used to identify entry points during ongoing uptrends.
Trader Tardigrade had previously noted that Doge was in line to soar to $1 by stating, “A breakout from a channel has been noted, aligning with recent price actions just before a spike.”
According to CoinGecko data, dogecoin was up by 43.1% in the past month to hit $0.226 at the time of writing.
Dogecoin Experiences Soaring Investor Interest
According to Glassnode data, the number of active Dogecoin addresses recently witnessed a major uptick of nearly 1,000% after experiencing a weekly surge of 990% from 61,892 to 674,527.
Therefore, this trend shows that Dogecoin is enjoying increased demand, network usage growth, and higher user participation, which is deemed bullish.
Meanwhile, Dogecoin bulls are contemplating a 300% increase after mimicking a previous falling wedge pattern.
