Peter Smith
The meme coin that started as a joke might be gearing up for its next legendary run. With Dogecoin quietly building strength while everyone's distracted by other crypto drama, smart money might be positioning for something big. Here's what the charts and data are whispering.
DOGE Price Builds Bullish Foundation
Dogecoin is currently trading around $0.10, but don't let that modest price fool you. A prominent trader recently highlighted on X that DOGE has been quietly constructing a massive accumulation base, consistently holding key support levels like a champ.
This isn't your typical retail-driven pump setup. The breakout attempts we're seeing come with rising volume—a telltale sign that bigger players are stepping in rather than just meme enthusiasts buying the dip. Remember, DOGE hit $0.79 during its last major run, so there's plenty of room to work with.
The technical picture looks surprisingly clean for a meme coin. RSI indicators are chilling in the mid-range, meaning DOGE has runway before hitting overbought territory. It's the kind of setup that makes seasoned traders take notice.
On-Chain Data Confirms DOGE Accumulation Phase
Here's where it gets interesting—the blockchain doesn't lie. Hash rate has been steadily climbing since 2023, showing the network is getting stronger, not weaker. Meanwhile, the Network Stress Index remains under control, proving DOGE can handle increased activity without breaking a sweat.
Advanced metrics like Cumulative Value Days Destroyed (CVDD) and Alpha Price models are flashing green lights too. These indicators suggest DOGE is still in accumulation territory rather than distribution mode—exactly where you want to be before a major move.
The beauty of this setup is how it mirrors DOGE's past behavior. We've seen this movie before: long stretches of sideways action followed by explosive vertical moves that leave everyone scrambling to catch up. With active addresses holding steady and sentiment still relatively calm compared to peak hype cycles, all the pieces seem to be falling into place for another legendary Dogecoin moment.
Peter Smith
