
Dogecoin on-chain metrics have been painting an increasingly optimistic picture, according to renowned crypto analyst Ali. The meme cryptocurrency has maintained steady momentum across several key indicators, suggesting a potential bullish phase ahead.
The daily active addresses on the Dogecoin network have remained stable, demonstrating sustained user engagement despite market volatility. This consistency in network participation has caught the attention of analysts, including Ali, who sees it as a promising sign for DOGE future price action.
#Dogecoin $DOGE activity has been steady, with daily active addresses, transactions, and whale movements at key levels. A surge in these metrics could signal the start of a new leg up! pic.twitter.com/dBCd6FrG5b
— Ali (@ali_charts) February 12, 2025
Transaction activity on the Dogecoin blockchain has held steady at significant levels, pointing to continued adoption and utility. As Ali notes, these sustained transaction rates often precede major price movements, particularly when combined with other positive indicators.
Large wallet holders—commonly known as whales—have been showing noteworthy activity patterns. According to Ali’s analysis, these whale movements have reached crucial threshold levels that historically correlate with significant price action.
Ali emphasizes that while current metrics are encouraging, a substantial increase in these indicators could trigger DOGE’s next significant price movement. The confluence of steady network activity, transaction volumes, and whale movements creates a foundation for potential upward momentum.
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DOGE Price Action Looks Promising
As it is already showing signs of reversal following several weeks of downward movement, after a dip to around $0.20, DOGE quickly rebounded to around $0.26, and it has since been consolidating between $0.239 and $0.269.

With the sideways movement, positive on-chain metrics could easily push the price upward to start a recovery. The resistance at $0.30 will be tested and will need to give way for further price increases.
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