Meme coin momentum has far evaporated from the peaks of a few weeks in the past, although there are some which can be nonetheless making waves. Nevertheless, most grow to be owned by a couple of wallets that later dump on unsuspecting traders.
The state of affairs with the chief of this area of interest is sort of attention-grabbing. It continues to be a serious cryptocurrency with a multi-billion-dollar market cap, however it has fallen out of traders’ grace as curiosity in it has diminished. Or has it?
One thing Is Brewing
Well-liked crypto analyst Ali Martinez, citing knowledge from Glassnode, indicated earlier in the present day that the community exercise on Dogecoin has risen by virtually 50,000 lively addresses. The chart beneath demonstrates the fast enhance on the finish of June and early July, going from below 40,000 to the aforementioned quantity.
Martinez famous that ‘one thing is brewing’ for DOGE only a day after he posted that the TD Sequential metric had flashed a serious purchase sign for the asset. The OG meme coin is up by 3% weekly, however it has slipped by 11% up to now month alongside a lot of the crypto market. Nevertheless, the TD Sequential and the rising community exercise could possibly be the start of one thing extra lasting.
Dogecoin $DOGE community exercise has exploded to just about 50,000 lively addresses!
One thing is brewing. https://t.co/yQZwPEPGGK pic.twitter.com/FCf1m8D3oV
— Ali Charts (@alicharts) July 5, 2026
Anybody Nonetheless Cares?
Fellow analyst Daan Crypto Trades additionally weighed in on DOGE’s worth strikes and admitted that “nobody actually cares about this coin proper now.” Nevertheless, he stated he’s nonetheless watching it intently, particularly if it heads towards its long-term help space inside the $0.05 vary.
He added that different crypto property will carry out higher on this (or the subsequent) cycle, however DOGE is “nonetheless one which tends to be dependable for an honest bounce as soon as a bear market backside is about.”
In the meantime, Celal Kucuker was much more bullish, indicating that DOGE has “one of many cleanest charts in crypto.” The analyst predicted that the meme coin may explode to $1.00, representing a brand new all-time excessive, because it couldn’t attain these ranges through the Musk-led 2021 hype cycle.
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