TLDR

Dogecoin is showing strong momentum, which is supported by rising on-chain activity and whale accumulation.
Over 1 billion DOGE tokens have been accumulated by large holders in the past month.
Active addresses and transaction volumes for Dogecoin have increased steadily in recent weeks.
Analysts see strong similarities between the current DOGE setup and the 2014 to 2018 market cycle.
Dogecoin’s price is forming a solid base at $0.22, with resistance at $0.27 as the next major level.

Dogecoin (DOGE) continues to show strong momentum, as recent on-chain data highlights key bullish signals across multiple indicators. With the DOGE price maintaining a steady base at $0.22, analysts anticipate potential breakout moves. Whale accumulation, active addresses, and increased transaction volumes strengthen Dogecoin’s technical outlook and long-term market position.

DOGE Whale Accumulation Signals Growing Momentum

Dogecoin whales have acquired over 1 billion DOGE tokens in the past 30 days, indicating heightened interest from large holders. This trend suggests sustained confidence and contributes to solid market structure, especially as accumulation coincides with steady price support. The $0.22 zone has become a firm base, with rising demand across major wallets.

Whales have bought over 1 billion #Dogecoin $DOGE in the past month! pic.twitter.com/VVzwO7yLnM

— Ali (@ali_charts) May 16, 2025

Significant whale activity often signals expected movement, and this recent increase aligns with earlier accumulation trends during prior DOGE upswings. Historical data support the correlation between whale purchases and bullish market phases, suggesting a possible upward breakout. The DOGE price could soon challenge the $0.27 resistance if current accumulation persists.

The surge in whale accumulation also matches increased liquidity and reduced selling pressure, supporting stable price behavior. Dogecoin’s volume across exchanges has grown consistently, reinforcing overall buying pressure. This strong support at current levels forms a platform for a sustained price rally if resistance breaks soon.

On-Chain Metrics Indicate Rising Network Activity

Key Dogecoin on-chain metrics are rising, including a surge in active addresses and transaction count, reflecting expanding network utility. Metrics tracked by analysts show steady increases in DOGE transfer volumes, especially during the past few weeks. This sustained network usage suggests continued interest and active participation in DOGE transactions.

An increase in address activity typically reflects user growth and broader market engagement, boosting Dogecoin’s strength. Elevated transaction volumes also indicate consistent movement of DOGE, often associated with increased demand and distribution. Together, these trends suggest the memecoin is gaining traction across multiple on-chain performance indicators.

#Dogecoin $DOGE is seeing a rise in active addresses, transaction volume, and whale activity. All bullish signals that could support further upside! pic.twitter.com/pRHObYo60J

— Ali (@ali_charts) May 16, 2025

Data also shows that DOGE is experiencing growing participation across retail and large holders, helping establish a stable and expanding ecosystem. Whale activity complements network metrics, reinforcing the possibility of a strong price move. If network activity continues at this pace, DOGE could see upward price pressure in the near future.

Dogecoin Builds Strength at Key Levels

Technical analysts are identifying chart similarities between past and current Dogecoin market cycles, suggesting the early stages of a super cycle. According to comparative models, DOGE patterns mirror those from 2014 to 2018, showing similar consolidation and accumulation behavior. Analysts believe this could set the stage for a parabolic rally if the pattern holds.

Dogecoin has maintained a steady formation at support levels, strengthening its long-term chart structure on both linear and logarithmic scales. Price consolidation at $0.22 aligns with past cycle bases, often preceding breakout moves in previous DOGE rallies. The upcoming months are seen as crucial for the next major movement.

Projected resistance near $0.27 remains the key breakout zone, with potential for expansion if market momentum continues. Analysts see this level as a decisive point that could lead to the start of a broader rally. As Dogecoin maintains strong on-chain fundamentals, price models support an optimistic medium-term outlook.

The post Dogecoin Signals Explosive Move as On-Chain Metrics Flash Strong Alert appeared first on CoinCentral.

---

Filed under: News - @ May 16, 2025 9:29 am