Dogecoin’s DOGE price has revisited a key long-term support zone that previously marked major market lows, drawing close attention from traders. Meanwhile, rising active wallet addresses indicate stronger network activity and growing investor interest, supporting expectations of improving market sentiment if positive momentum continues.
At the time of writing, DOGE is trading at $0.07744 with a 24-hour trading volume of $524.86 million and a market capitalization of $13.21 billion. Despite the signs of stability over the last 24 hours, the DOGE price structure and increasing active wallet addresses point to a bullish reversal ahead.
Source: CoinMarketCap
Also Read: Dogecoin Signals Major Comeback With 1,090% Rally As Whales Increase Bullish Bets
DOGE Price Tests Historic Support, Is a Rally Ahead?
According to the crypto analyst Chiefrat, the DOGE price has returned to a major macro support zone that has consistently marked market bottoms over the past three years.
The same price region successfully held during the 2022, 2023, and 2024 downturns, making it a closely watched level as traders assess whether buyers will once again defend the long-term support.
Source: Chiefrat’s X Post
With the DOGE price coming back to this key area that played a vital role in the past, traders are waiting for signals of another bull wave.
Assuming the resistance stays intact, the first goal is around $0.28, while in case of a more favorable development, the DOGE price may rally to $0.45 by 2026.
Dogecoin Sees Sharp Rise in Active Wallet Addresses
Moreover, another crypto analyst, Ali Charts, further highlighted that Dogecoin is on the crest of the wave of on-chain strength, with its number of active addresses moving closer to the level of 50,000.
This increase in numbers can be interpreted as an increase in the level of user involvement within the network, which is carefully monitored by traders.
Source: Ali Charts’ X Post
While the reason behind the increase is not quite clear yet, the rise in active addresses suggests that there may be growing investor interest in the asset.
It is important to note, however, that while rising on-chain activity can be seen as an indicator of fundamental strength, it does not necessarily mean that the price will rally soon.
Despite the bullish price forecasts and increasing number of active wallets on the network, the DOGE price has shown stability. This move has also been impacted by the BTC price, which has shown stability, impacting the overall market, including altcoins.
What’s Next for Dogecoin?
From here onwards, the future trend of the DOGE price depends upon how tightly it holds onto its long-term support level. In case of an increase in active wallets along with solid buying pressure, it can make a move towards its resistance zones. However, breaking below this support level can lead to increased selling pressure.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
Also Read: Dogecoin Price Signals Bullish Breakout After V-Shaped Recovery
