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Dogecoin network activity hits lowest since October, analyst says Crypto analyst and trader Ali Martinez recently noted on X a decline in activity on the Dogecoin $DOGE network. According to Martinez, the network is seeing only 66 whale transactions and fewer than 60,000 active addresses daily, the lowest since October 2024.

TL;DR Although the landscape around the entire crypto market and meme coins, in particular, seems quite gloomy recently, DOGE still has a chance for a major rally and a new all-time high, said Ali Martinez. However, it’s essential for the OG meme to remain above a certain support, which has historically led to impressive runs. The most critical support zone for #Dogecoin $DOGE is between $0.19 and $0.16. If this level holds, the $3 target remains a strong possibility. pic.twitter.com/VZyqSM2p8U — Ali (@ali_charts) February 22, 2025 It’s safe to say that the post-US-election mania has faded for many crypto assets, and some, such as DOGE, has returned to levels close to those before November 5. Recall that Dogecoin’s price had soared to roughly $0.5 after Trump won the elections but now struggles to remain above $0.25 after a 31% monthly decline. Nevertheless, the OG meme token has seen worse, even during this cycle, as it slumped toward $0.2 on a couple of occasions in times of substantial price crashes. According to the popular analyst Ali Martinez, though, the asset still has a chance to resume its rally and head toward uncharted territory. To do so, it needs to sustain the $0.19 support line, which he labeled as ‘the most crucial’ zone. He added that DOGE has been trading inside an ascending channel for years and has ‘tended to rebound’ from the lower boundary since 2014 and head toward the upper one. The most recent such bounce-off occurred during the early February massacre, which could be the propeller for a surge toward $3 and even $4. “If history repeats, as long as Dogecoin holds above $0.19, it could rally to the resistance trendline at $4.” – Martinez concluded. There’re certainly some bullish developments happening in the Dogecoin ecosystem, such as the multiple filings for a spot DOGE ETF in the US, which many experts believe have a great chance of succeeding under Trump’s administration. Consequently, analysts have outlined impressive price targets for the largest meme coin, and many agree there will be a new all-time high. However, investors should be wary before allocating funds to any assets, particularly meme coins, about the risks of significant volatility and rapid crashes, especially in times of uncertainty that could rattle the entire market, just like yesterday’s hack against Bybit. The post DOGE Could Still Surge to $3 if it Holds This Key Support Line: Analyst appeared first on CryptoPotato.

Dogecoin (DOGE) is signaling a potential breakout as it navigates volatile market conditions, with traders eyeing a move toward February’s highs. Currently hovering just below the $0.26 resistance level, DOGE shows signs of upward momentum fueled by positive sentiment and technical indicators. Analysts and investors are closely watching the meme coin’s price trajectory, as a successful breakout could drive it toward $0.31 and beyond. However, market indecision and fluctuating volatility continue to shape the token’s short-term outlook. Several bullish indicators support Dogecoin’s push toward breaking the $0.26 resistance. Data from Coinglass reveals a positive funding rate, reflecting a growing bullish sentiment among traders despite recent market fluctuations. Analysts highlight that a decisive move above this level could propel DOGE to the $0.31 mark—a significant resistance point it has struggled to surpass in recent weeks. In a recent analysis, the YouTube channel More Crypto Online noted that Dogecoin had traded sideways for the past 10 days following a notable sell-off. The channel’s host explained that the price dipped into a key support zone but failed to rally beyond the $0.34 resistance. According to the analyst, DOGE’s price movement aligns with an Elliott Wave corrective pattern, with the potential C-wave target between $0.233 and $0.234. Maintaining support above $0.22 remains critical, with a drop below this threshold likely invalidating the current bullish scenario. Should DOGE break through the $0.26 barrier, analysts suggest the token could climb by as much as 21%, positioning $0.31 as a new support level. Such a breakout would signify a recovery and potentially set the stage for further gains toward $0.40. Conversely, heightened volatility could reverse this momentum, pushing prices down toward $0.22 and stalling further upside potential. Institutional attention has intensified following the U.S. SEC’s recognition of Grayscale’s Dogecoin ETF proposal. Analysts believe this development could pave the way for broader adoption and increased market liquidity. As highlighted by CNF, analyst Ali Martinez noted in a recent post on X (formerly Twitter) that DOGE is currently trading within a parallel channel. According to Martinez, a breakout above the $0.58 level could indicate the start of a sustained long-term bullish trend. Dogecoin is trading just below $0.30, with technical indicators suggesting that surpassing this level could trigger significant buying momentum. Analysts agree that the coming days will be pivotal. A sustained move above $0.31 may confirm the bullish thesis, while failure to hold above key support levels could stall DOGE’s upward trajectory. Despite optimistic indicators, trader sentiment remains cautiously bullish. Funding rates have fluctuated between positive and negative, reflecting a divided market. However, recent data shows a slight bullish tilt, with more long positions emerging. Crypto analyst Trader Alan observed that DOGE’s current trend mirrors its 2017 performance, implying the potential for a significant rally if key resistance levels are breached. A breakout above $0.26 could mark the beginning of an upward trend, with analysts like Ali Martinez noting that surpassing $0.31 might lead to further gains. Martinez emphasized that breaking above $0.58 could spark a substantial rally, potentially driving DOGE toward $1.80 or even $5.80. Such a surge could push Dogecoin’s market capitalization to an estimated $860 billion. With volatility at the forefront, traders and investors remain focused on Bitcoin’s ability to reclaim February’s peak and capitalize on favorable market conditions.

While Cardano’s native token ADA remains 74.3% below its all-time high value of $3.09, a favorable technical pattern is taking shape. A closely followed crypto analyst has identified one pattern that could trigger an over 20% move in the price of ADA. ADA Token Eyes 24% Move On The Horizon For ADA In a new strategy session, Ali Martinez told his 127,700 followers on the X social media platform that Cardano’s governance token may be gearing up for a 24% move. The popular trader highlighted an ascending triangle pattern on ADA’s 3-hour candle chart to back his comment. Martinez noted $0.74 and $0.83 as key levels to watch, with a strong break of either mark determining the direction of the imminent move. ADA continued its recovery on Feb. 20, up 5.7% over the past 24 hours, to change hands above $0.8044. The uptick has helped Cardano erase almost all of its losses incurred on Feb. 18, signaling a potential shift in investor sentiment toward the layer-1 token. The upsurge came on the back of crypto giant Grayscale filing with the U.S. Securities and Exchange Commission to introduce its first standalone spot, Cardano exchange-traded fund (ETF), in the U.S. market. Notably, a 24% jump from $0.83 would propel ADA back above the psychologically significant $1 price milestone. Contrarily, a 24% fall below $0.74 would lead to the crypto revisiting the $0.56 zone. According to Martinez’s analysis, Cardano is likely to see a move to the upside. He asserted earlier this month that the ninth-largest crypto by market cap appeared on track to climb above 83 cents, citing a bullish breakout from a descending triangle chart pattern. Is ADA Ready For A Bull Market? As ZyCrypto has covered previously, U.S. President Donald Trump is apparently “receptive” to a national digital assets stockpile with other U.S.-based cryptocurrencies such as Solana and Ripple’s XRP. This sparked speculation that a potential altseason was on the horizon. However, veteran trader Peter Brandt pointed out in January that irrespective of an altcoin season, Cardano had formed a double-bottom base. “Make no doubt about it, Cardano $ADAUSD has bottomed for a grand bull market,” Brandt quipped at the time. With palpable momentum brewing in the markets, ADA could potentially be shaping up for a massive rally.

TL:DR The popular crypto analyst Ali Martinez outlined possible positive scenarios for DOGE and XRP, which could send both assets up by around 25%. However, the landscape around Ripple’s cross-border token is somewhat worrisome, according to another indicator. #Dogecoin $DOGE could be on the verge of a 25% move as it nears a breakout from this symmetrical triangle! pic.twitter.com/Vf5OgIgRBU — Ali (@ali_charts) February 20, 2025 In terms of the world’s largest meme coin, Martinez noted that it nears a breakout from a symmetrical triangle. The asset has been stuck within it ever since the early February crash when the entire market bled out in hours. DOGE’s price tumbled from over $0.3 to a multi-month low of $0.22. In the following two and a half weeks, Dogecoin failed to break above it as it was stopped at the upper boundary at $0.28, and then the bulls defended the lower one at $0.244. With its price currently sitting at around $0.255, a 25% move to the upside will send it to over $0.3. The landscape around XPR is similar, but the triangle is slightly different – it’s an ascending one. In case the third-largest cryptocurrency manages to break above it, its price could experience a 26% surge, Martinez said, which would mean a price tag of roughly $3.4. Data from CoinGecko shows that this is the current all-time high, which XRP tested in early January but failed to breach. Ripple’s token certainly has some bullish sentiment going its way, mostly related to ETFs. Brazil is set to launch its first spot one tracking the asset’s performance, while several US-based applications have been officially recognized by the SEC. Nevertheless, Martinez also warned that another technical indicator suggests that XRP could be headed for a correction. The TD Sequential Indicator, which shows the market’s exhaustion in either direction, flashed a sell signal on the 3-hour chart after the asset’s recent rally. $XRP could be gearing up for a pullback, as the TD Sequential indicator flashes a sell signal on the 3-hour chart after the recent 11% rebound! pic.twitter.com/k8SetFIQ8F — Ali (@ali_charts) February 20, 2025 The post Are XRP and DOGE Preparing for 25% Price Moves? appeared first on CryptoPotato.