- Dogecoin active addresses surged 112% in 3 weeks, with price jumping from $0.1635 to $0.2406 during the same stretch.
- A textbook bull flag on the 4-hour chart puts DOGE on track for a breakout with targets near $0.36 if $0.2530 breaks.
- Holding $0.225 support, DOGE shows bullish structure as accumulation rises and key momentum zones form between $0.258–$0.286.
The Dogecoin (DOGE) network registered a steep rise in user activity, tracking over 127,000 active addresses this week. Simultaneously, DOGE price surged from $0.1635 to $0.2406, marking a 47% gain in under three weeks.
According to a post by CryptoRus, “The Dogecoin $DOGE network is buzzing with activity, boasting over 127k active addresses.” A Glassnode chart titled “DOGE: Number of Active Addresses” tracked DOGE price and user count from April 10 to May 13. Metrics confirmed that address activity rose 112% from April lows, with DOGE gaining nearly 50% in the same window.
DOGE’s daily active addresses dropped below 60,000 on April 17 and hovered near 55,000 until April 21. The price traded just above $0.14 during this lull. A breakout began on April 22 as addresses climbed past 70,000, with DOGE reclaiming $0.16 and maintaining upside momentum.
Bull flag formation signals a potential breakout
Dogecoin’s latest technical structure shows a textbook bull flag on the H4 chart, hinting at further upside continuation. According to a report by Trader Tardigrade, the pattern formed after a parabolic advance from $0.1635 to $0.2760 between May 6 and May 9.
After peaking, DOGE entered a descending channel with resistance at $0.2500 and support near $0.2160. The flag shape, extending from May 12 to May 15, captured six lower highs and five higher lows. Price consolidated tightly within a $0.0350 range, with the final candle at $0.2360.
The projected breakout target, based on the flagpole’s $0.1125 length, sets DOGE up for a move toward $0.3600. The structure remains intact above $0.2160, with volume compression reinforcing the flag’s validity. Prior rejection zones near the $0.2530 mark the critical resistance DOGE must overcome.
Accumulation and market structure define critical levels
Alva stated in a reply that DOGE “is setting up for a classic H4 breakout” as it holds above $0.225 support. They cited increased accumulation, institutional inflows, and high social engagement as key momentum drivers behind the setup.
While MACD readings are mixed, the CRSI shows oversold conditions on lower timeframes, signaling potential for near-term reversal. Alva noted that a move past the $0.258–$0.286 zone could unlock a run to $0.37. If momentum fails, the downside level to watch remains at $0.191. DOGE’s current structure positions it for a decisive breakout or invalidation. Price action, user growth, and technical signals continue to align ahead of a high-stakes breakout attempt.
