Dogecoin Price Eyes 82% Rally as Key Targets Flash $0.35
The post Dogecoin Price Eyes 82% Rally as Key Targets Flash $0.35 appeared on BitcoinEthereumNews.com.
Key Insights: Dogecoin price crosses $0.19, pushing toward $0.207 and $0.271 short-term targets On-chain activity shows growing engagement across daily active wallets Fibonacci levels show a possible upside of 82%, with $0.351 as key resistance Dogecoin price is slowly climbing again. After reclaiming the $0.19 level, traders are watching closely. The DOGE price is pushing through resistance levels, and if momentum holds, the next stop could be $0.35. That would be an 82% jump from current levels. But it’s not just charts driving this move. On-chain activity and user data suggest more people are holding and using Dogecoin. On-Chain Activity: Dogecoin Use Picking Up Again One key reason for the recent Dogecoin price action is the rise in network usage. Daily active addresses, which track how many wallets are sending or receiving Dogecoin, show renewed activity since late June. When Dogecoin is actually being used on-chain, not just held or traded, it shows stronger user interest. Dogecoin price and active addresses- Source: Santiment As the Santiment chart reveals, spikes in wallet activity often happen before a big price move. In the last 10 days, the orange bars, representing active wallets, have started rising again, even if the rise is minimal. It’s not as strong as the October 2024 peak, but the pattern looks similar. If this continues, Dogecoin price could follow the same kind of upward trend we saw back in late 2024. Holder Count: Big Jump in Wallets Holding DOGE Dogecoin isn’t just being used; more people are holding it long-term. According to Santiment data, the total number of holders has now hit 7.96 million. That’s the highest it’s been since January 2025. Rise in holder count- Source: Santiment When more wallets hold Dogecoin and don’t sell it, it reduces the available supply on exchanges. Less supply equals to…
