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COINTURK NEWS > Dogecoin (DOGE) > Dogecoin Thrives as On-Chain Activities Soar
Dogecoin (DOGE)

Dogecoin Thrives as On-Chain Activities Soar

In Brief

  • Dogecoin network's on-chain data shows promising indications of future price trends.

  • Major investors' recent behaviors signal growing interest and potential price shifts.

  • Future price patterns may reflect past cycles, signaling a potential new surge.

Ömer Ergin
Ömer Ergin 1 month ago
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Recent observations indicate that critical on-chain data of the Dogecoin $0.166925 network is beginning to show positive signs. Despite its price hovering around the $0.2250 mark, experts remain optimistic about Dogecoin’s future. The digital asset, which has seen a surge in popularity recently, might be significantly influenced by robust on-chain movements in the future.

Contents
Surge in Dogecoin’s On-Chain ActivitiesFuture Expectations for DOGE Price

Surge in Dogecoin’s On-Chain Activities

Crypto analyst Ali Martinez notes an increase in active addresses, transaction volume, and activity among major investors in Dogecoin. These developments point to the cryptocurrency gaining momentum across multiple areas recently. Experts believe that these data may lay the foundation for an upward move in Dogecoin’s short-term price dynamics.

Additionally, the buying activities of large investors, colloquially known as “whales,” who have acquired substantial amounts of Dogecoin in the past month, are drawing attention. It is reported that these big investors have amassed over a billion DOGE in total. This trend could be seen as an indication of growing interest across a broad investor base.

Ali Martinez: “An intense accumulation phase is ongoing for Dogecoin, and these data could herald an upward trend.”

Future Expectations for DOGE Price

The DOGE price is currently establishing a solid base around $0.22. The first short-term resistance point is noted at $0.27. Surpassing this level may trigger a new upward movement.

Analyst Trader Tardigrade highlighted that Dogecoin is in preparation for a new “Super Cycle.” According to the analyst, should trends follow a path similar to its initial major surge phase, the DOGE price could see a significant increase in the coming months.

Trader Tardigrade: “If the current trend mirrors the first cycle, DOGE could register rapid growth in the upcoming months.”

Trader Tardigrade further suggested that there are notable similarities between the DOGE/USD price chart cycles from 2014-2018 and 2021-2025. It’s asserted that Dogecoin is presently in a strong accumulation phase, which might result in a sustained upward movement in the latter months of 2025.

Logarithmic price scale analyses present forecasts of DOGE reaching significantly higher price levels in the future. Retail investors are advised to exercise caution and patience.

In summary, changes in on-chain data on the Dogecoin network and major investor behaviors indicate potential significant fluctuations in the cryptocurrency’s price in the coming period. Experts suggest that if the trend continues in line with past cycles, a new price surge could occur. On-chain data stands out as an important tool for investors and market followers to understand price movements.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Ömer Ergin 16 May, 2025 - 3:12 pm 16 May, 2025 - 3:12 pm
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