The post Dogecoin On-Chain Activity Hits Monthly Peak, Fueling Rally appeared on BitcoinEthereumNews.com.

Crypto analysts forecast a 60% price rally for Dogecoin as daily active addresses reached its monthly peak. Predictions of Dogecoin rallying towards $0.3 have grown, alongside backing fundamentals. Onchain market analyst Ali Martinez has predicted a bold price outlook for Dogecoin (DOGE). Martinez predicted that the price of DOGE could increase by 60% from the current levels. His forecast coincides with a 110% spike in Dogecoin’s daily active addresses, the highest seen in a month. Dogecoin Primed for 60% Price Rally According to Ali Martinez, DOGE could see a 60% price increase if it breaks out of a symmetrical triangle pattern. As of this writing, DOGE was trading at $0.15, down 3.7% over the previous day. Thus, a 60% rally will bring the price of DOGE to $0.27. Based on Martinez’s analysis, the formation of a narrowing triangle pattern is close to a breakout point. At the same time, the consolidation range has narrowed due to both buyer and seller hesitation. The analyst emphasized that DOGE is primed to see a 60% rally if it breaks out from the triangle’s upper trendline. Notably, this trendline lies between the $0.16 and $0.22 range. A breakout above this level is significant as it would mark the highest for DOGE since January. However, a symmetrical triangle does not always lead to a price surge. Rather, the future price direction of DOGE will depend on its ability to overcome key resistance or breach support. Therefore, DOGE may crash by 60% to $0.064 if it breaks below the lower trendline support of $0.16. Meanwhile, DOGE recently recorded a spike in daily active addresses. According to Santiment data, these addresses jumped 110% in just two days, rising from around 66,000 to 140,000.  On Wednesday, June 18, Dogecoin daily active addresses reached 165,740, the highest level in…

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Filed under: News - @ June 22, 2025 7:18 am