- The surge in Dogecoin active addresses rose by 400% to 395,000, which proves network involvement remained strong even during price devaluations.
- A week’s price drop of 18.39% in DOGE does not detract from growing on-chain activity that bolsters expectations for market attention.
- The RSI indicator reaches an oversold position but simultaneously the MACD histogram displays bullish green bars.
Dogecoin (DOGE) has witnessed a significant increase in user engagement, with on-chain data showing a 400% surge in active addresses. Santiment data submitted for evaluation by crypto expert Ali Charts demonstrates that the network gained 395,000 active addresses during this dual decrease in prices.
The market shows growing interest in Dogecoin despite its recent price movements. Market interest and potential development initiatives may explain this surge in activity since there is no definite explanation available for its roots.
Market trends reveal that Dogecoin demonstrates a price performance including multiple upward and downward periods during late December 2024 until present day.
Since the last month of 2024, Dogecoin entered a declining phase while its daily active addresses corresponded with price fluctuations. Price reductions seem to have kept people from joining the network.
There has been a transformation during March 2025 because active addresses were growing while prices showed signs of improvement. DOGE maintains a trading value at $0.1649 while experiencing a 1.55% decrease during the last 24 hours and an 18.39% decline in the weekly performance. Market price trends could be influenced by the recent surge in blockchain network operations.
Capital Inflows and Price Correlation
Periods of high investment into DOGE have consistently produced positive outcomes for the cryptocurrency’s price. The price of DOGE increased during two consecutive months of 2024, October and 2024 November, when capital inflows occurred according to data from May 2024 until March 2025. Between December 2024 and March 2025 capital flowed out from the DOGE ecosystem while the coin suffered a price reduction. Market value fluctuations of the cryptocurrency intensely relate to investor sentiment patterns.
Technical Indicators Suggest Potential Reversal
The price direction for DOGE faces uncertainty based on the analysis of technical indicators. Investment data shows that the Relative Strength Index indicator stands at 37.62 points which indicates an oversold situation may emerge soon. Investors should watch for RSI values reaching below 30 because such oversold levels within market trends would normally set the stage for price rate increases.
Currently the Moving Average Convergence Divergence indicator displays bearish signals. The Moving Average Convergence Divergence tool shows a negative trend since its indicator rests below the signal indicator. The recent green bars in MACD histogram indicate a potential weakening bearish momentum despite the existing negative trend.
