Dogecoin

<p>Popular crypto analyst Ali reported a massive surge in Dogecoin on-chain activity, with new addresses spiking 1,100% over the past week. As Ali <a href="https://x.com/ali_charts/status/1752256455762194482?s=20" target="_blank" rel="nofollow">stated </a>on X (Twitter):</p> 
<p><em>“The Dogecoin network is witnessing a remarkable surge in growth, with new addresses increasing by a staggering 1,100% over the past week! On January 29 alone, a record-breaking 247,240 new DOGE addresses were created, marking an all-time high.”</em></p> 
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<p>This huge influx of new users and activity on the Doge network points to growing interest and adoption for the memecoin. As Ali notes, <em>“A sustained uptrend in network expansion could soon reflect positively on $DOGE prices.”</em></p>  
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<p>Looking at the technical analysis:</p> 
<ul> 
 <li>The RSI (Relative Strength Index) for DOGE is ranging between 50-55 across all timeframes. This indicates neutral momentum, with room for both bulls and bears to take control.</li> 
 <li>DOGE is currently trading above the crucial 200-day EMA (Exponential Moving Average) at $0.07. This shows the long-term trend remains positive.</li> 
 <li>DOGE is up 5% over the past week and has found support above the $0.08 level. This indicates healthy consolidation.</li> 
 <li>The next major resistance zone for DOGE is expected at $0.09, where bulls will likely face selling pressure (see chart below). Breaking above $0.09 could set the stage for further gains.</li> 
</ul> 
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</figure> 
<p>The on-chain data and technicals both look constructive for Dogecoin. With the memecoin’s passionate community also expanding drastically, DOGE seems primed for its next leg higher. Investors should buckle up!</p> 
<p>You may also be interested in:</p> 
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 <li><a href="https://captainaltcoin.com/jaw-dropping-kelexo-klxo-presale-draws-insane-numbers-bitcoin-btc-and-ethereum-eth-holders-are-paying-attention/" target="_blank" rel="noreferrer noopener">Jaw-Dropping Kelexo (KLXO) Presale Draws Insane Numbers: Bitcoin (BTC) and Ethereum (ETH) Holders Are Paying Attention</a></li> 
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<p>The post <a href="https://captainaltcoin.com/this-on-chain-dogecoin-activity-just-pumped-1100-doge-investors-buckle-up/">This On-Chain Dogecoin Activity Just Pumped 1,100%, DOGE Investors – Buckle Up!</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

This On-Chain Dogecoin Activity Just Pumped 1,100%, DOGE Investors – Buckle Up!

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