Key Insights:
- Dogecoin price crosses $0.19, pushing toward $0.207 and $0.271 short-term targets
- On-chain activity shows growing engagement across daily active wallets
- Fibonacci levels show a possible upside of 82%, with $0.351 as key resistance
Dogecoin price is slowly climbing again. After reclaiming the $0.19 level, traders are watching closely. The DOGE price is pushing through resistance levels, and if momentum holds, the next stop could be $0.35. That would be an 82% jump from current levels.
But it’s not just charts driving this move. On-chain activity and user data suggest more people are holding and using Dogecoin.
On-Chain Activity: Dogecoin Use Picking Up Again
One key reason for the recent Dogecoin price action is the rise in network usage. Daily active addresses, which track how many wallets are sending or receiving Dogecoin, show renewed activity since late June.
When Dogecoin is actually being used on-chain, not just held or traded, it shows stronger user interest.
As the Santiment chart reveals, spikes in wallet activity often happen before a big price move.
In the last 10 days, the orange bars, representing active wallets, have started rising again, even if the rise is minimal. It’s not as strong as the October 2024 peak, but the pattern looks similar.
If this continues, Dogecoin price could follow the same kind of upward trend we saw back in late 2024.
Holder Count: Big Jump in Wallets Holding DOGE
Dogecoin isn’t just being used; more people are holding it long-term. According to Santiment data, the total number of holders has now hit 7.96 million. That’s the highest it’s been since January 2025.
When more wallets hold Dogecoin and don’t sell it, it reduces the available supply on exchanges. Less supply equals to more demand usually means price goes up. This is more like a simplified version of DOGE outflows.
This steady rise in holders, even during price dips, shows strong confidence from the community.
X Predictions Are Explosive
Among Dogecoin enthusiasts, one prediction is showing up more actively. Crypto analyst Maher recently shared a chart on X forecasting that Dogecoin could rise as high as $0.77 or even $1.16 by September 2025.
His confidence is rooted in a repeating price pattern, or fractal, observed between March and December 2024, which ended in a sharp breakout.
That same 196-day structure appears to be playing out again, this time starting from early July 2025.
According to Maher’s chart, Dogecoin is currently at the tail end of a compression pattern and could be preparing for a decisive move upward.
He maps out three key horizontal resistance levels, starting at $0.25, followed by $0.77, and ultimately $1.16. These levels are not random; they are in sync with previous highs reached in earlier bullish cycles. If the pattern holds, traders anticipating a breakout may rush in, pushing momentum even further.
Still, it’s important to note that not all analysts agree with this level of bullishness.
Dogecoin Price Analysis: Fibonacci Shows $0.351 Target
Let’s break down the current Dogecoin price chart. Using the Trend-based Fibonacci extension, we see some key resistance levels:
- First barrier: $0.207
- Next zone: $0.222 and $0.244
- Full upside: $0.351 (1.618 extension level)
Right now, Dogecoin price is hovering around $0.19, sitting on the 0.382 Fibonacci level. If it breaks through $0.207, it may clear the downtrend line (marked by a dotted slope) and head toward $0.258 and above.
However, if Dogecoin breaks below $0.183 or $0.175, it could invalidate this bullish setup and push the price lower.
