Key Insights
- Dogecoin price consolidates around $0.2580 and could see a bounce ahead.
- The 30-day active addresses noted a rise over 34% witnessing rising user participation.
Dogecoin (DOGE) has gained market attention amidst the speculation regarding ETF and a potential rebound in sight.
Moreover, the on-chain metrics revealed a rise in 30-day active addresses which also favored the bullish thesis.
At press time, Dogecoin price was trading at $0.2590, noting a rise over 0.67% in the past 24 hours. Its market cap stood at $38 Billion, ranked 8th in the overall market.
On-Chain Metrics Outlook: Bullish or Bearish Signals?
Data from IntotheBlock shows that the monthly on-chain active addresses for DOGE increased by 34%, reaching an impressive 6.57 million.
The 30-day high active addresses reached 6.58 million, while the 30-day low stood at 6.57 million.
With the 30-day addresses having surged by 34%, it reveals an impressive growth and increased engagement within the ecosystem.
Dogecoin’s Next Bullish Catalyst: are ETFs the Answer?
Recent market speculation about the Dogecoin ETFs could explain the upcoming price reversal.
A recent post revealed that the Dogecoin ETF could be approved as soon as next week.
As Dogecoin ETF approval possibilities rise, market optimism has also intensified.
The sentiment regarding ETF approval in 2025 finds its perfect representation through observations.
The percentage of market experts who believe in Dogecoin ETF approvals rose from 27% at the beginning of 2025 to 75% at press time.
Despite the price consolidation, large investors known as whales seized the opportunity and accumulated 110 million DOGE in the last 48 hours.
Whale accumulation is a healthy sign for Dogecoin. It highlights that DOGE price could potentially rally and may recoup its recent losses in the coming sessions.
Meanwhile, Dogecoin bears seem to have run out of steam over the weekend as Dogecoin ETFs could approve soon.
Dogecoin Price Prediction: What are the Charts Saying?
On the daily timeframe, DOGE price has been hovering close to the 200 day EMA mark and poised for a major move.
The bollinger bands noted a squeeze which hints that whales have loaded their bags and could trigger a massive rise soon.
Furthermore, the technical indicators also give us evidence that the RSI curve displayed a bullish crossover, which hints that the buyers have stepped in and were preparing for a price rebound.
Going forward, the Open Interest (OI) has risen over 1.52% with a volume surge over 8.90%. This increase in OI highlights that fresh accumulation could kick off the bullish rally ahead.
Dogecoin’s whale accumulation, rising active address and the bollinger band squeeze hinted that a breakout is imminent.
However, the crucial hurdle of $0.2890 must be surpassed to confirm the reversal. If this level is breached, the memecoin could rally towards $0.3000 in the coming sessions.
Meanwhile, a break below the $0.2430 mark could lead to further price downmove and a dip toward the $0.2300 could be anticipated.
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
