Dogecoin is showing fresh movement on-chain and on the chart. Active addresses rose 36% to above 71,400, while DOGE also returned to a long-term base zone on the weekly timeframe. The update shows DOGE network participation rising 36% versus the prior week, according to Santiment data cited in the chart.

The chart shows active Dogecoin addresses trending higher from late January into early February. After a brief dip around Jan. 25–26, activity began to rise steadily. By Feb. 1, the number of active addresses moved from the low 50,000s to above 71,400. This marks the strongest weekly expansion in address activity on the snapshot.

The rise in active addresses signals heavier on-chain usage over a short period. As activity increased day by day, the network recorded a clear acceleration in interactions rather than a single day spike. The move unfolded alongside renewed market attention on DOGE, as reflected by the rapid week-over-week change in address counts. Meanwhile, Dogecoin price moved back into a long-term base zone on the weekly chart.

The chart highlights DOGE revisiting a horizontal support band near the $0.10 area after a prolonged downtrend from the 2024 peak. The base zone appears as a repeated reaction area where price previously consolidated before earlier expansions. The latest touch of the base marks another test of long-term support on the weekly timeframe. The chart frames the current move as a return to a prior accumulation range rather than a single isolated dip.

Follow NOW

Leave a Reply

More Articles

follow now

Trending

Discover more from Rich by Coin

Subscribe now to keep reading and get access to the full archive.

Continue reading