Key Highlights
- Active Dogecoin addresses increased by 28% over seven days, jumping from 57,000 to 73,000
- DOGE dropped 1.64% before bouncing back 0.46% to reach $0.09210
- On-chain data specialist Ali Martinez highlighted the network activity spike via Santiment analytics
- Hourly chart reveals a developing bearish trendline with resistance positioned at $0.0928
- Critical support level identified at $0.0885, with a breakdown potentially driving DOGE toward $0.0835
The Dogecoin network witnessed a significant uptick in active wallet addresses throughout the past week. Analytics data from Santiment reveals that active addresses expanded from approximately 57,000 to 73,000 within a seven-day timeframe.
Digital asset analyst Ali Martinez brought attention to this development on March 31. He emphasized the 28% weekly growth as evidence of expanding network participation among users.
Dogecoin $DOGE active addresses surged 28% in the past week, rising from 57,000 to 73,000. pic.twitter.com/dHAB37u0V4
— Ali Charts (@alicharts) March 31, 2026
The active address metric tracks wallets involved in sending, receiving, or exchanging tokens. An uptick in this indicator demonstrates heightened interaction with the blockchain network, although it doesn’t necessarily reveal whether participants are accumulating or distributing.
Blockchain Engagement Intensifies
According to Martinez, on-chain indicators like active addresses frequently change direction before price action becomes apparent. Market observers are closely monitoring this latest data point to gauge DOGE’s potential trajectory.
Increased network engagement can result from both accumulation and distribution activities. Traders adjusting portfolios, transferring holdings across wallets, or liquidating positions all add to the active address figure.
Historical patterns show that elevated wallet activity periods have sometimes preceded heightened volatility phases. The ultimate direction of such volatility hinges on prevailing market dynamics.
DOGE experienced a 1.64% decline before mounting a modest comeback. The cryptocurrency currently sits at $0.09210, reflecting a 0.46% gain as of this report.
Token Encounters Resistance Around $0.0928
During its recovery phase, Dogecoin successfully breached the $0.0905 and $0.0912 resistance thresholds. The token also surpassed the 50% Fibonacci retracement level calculated from the recent price swing between $0.0937 and $0.0893.
$Doge/4-hour
✅ #Dogecoin is pushing for a triangle breakout after 4 clean touches on both support and resistance.
Momentum is building, but confirmation matters as the strength is not strong.
Let’s see how it plays out. 👀📈 https://t.co/yz5B66GdUI pic.twitter.com/JKBPOadyPi— Trader Tardigrade (@TATrader_Alan) April 1, 2026
Nevertheless, selling pressure has emerged around the $0.0930 area. An hourly chart analysis reveals a forming bearish trendline with resistance established at $0.0928.
DOGE maintains its position above the $0.0912 mark and the 100-hourly simple moving average. The 76.4% Fibonacci retracement level also aligns near the $0.0928 resistance area.
Should DOGE successfully breach the $0.0930 barrier, subsequent targets include $0.0950 and $0.0980. Breaking through $0.0980 would position the $0.10 psychological level within striking distance.
For downside scenarios, immediate support appears at $0.0915, with additional backing at $0.090. The primary support zone is located at $0.0885.
A failure to hold $0.0885 could trigger a decline toward $0.0860 or potentially $0.0835.
DOGE continues to consolidate beneath the $0.10 threshold, with market participants testing crucial technical levels on shorter timeframes.
