Is Dogecoin Gearing Up for a Major Breakout? On-Chain Signals Say Yes

Dogecoin could be approaching a powerful breakout phase, with on-chain data revealing a wave of heightened activity and renewed investor interest.

As the meme-inspired coin hovers near $0.225, analysts are increasingly bullish on its potential for a dramatic move.

One well-followed analyst, known as Trader Tardigrade, has pointed to historical price structures resembling the 2014–2018 cycle—an era that ultimately saw explosive growth. Based on similar chart patterns, he believes Dogecoin may be setting up for a multi-phase rally that could take it as high as $18 in the long term.

Supporting this optimistic outlook, on-chain analyst Ali Martínez has highlighted a surge across key metrics: daily active addresses, transaction volume, and, notably, large-scale wallet activity.

READ MORE:

European Police Break Up Crypto-Backed Criminal Network in International Raid

Over the past month alone, Dogecoin whales—large holders often seen as market movers—have accumulated more than 1 billion DOGE.

Such aggressive accumulation is often interpreted as a vote of confidence from sophisticated investors. When combined with rising usage and sustained transactional throughput, these indicators paint a bullish backdrop for the coin’s next move.

While Dogecoin remains known for its meme status, the current data suggests something more serious may be brewing beneath the surface.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.