Dogecoin supercycle and mega rally could begin as DOGE on-chain metrics show major strength. As the DOGE price trades around $0.2250, market analysts remain optimistic about its long-term trajectory. Notably, crypto analyst ‘Trader Tardigrade’ has drawn parallels between the current chart patterns and the 2014-2018 cycle, suggesting the potential for a parabolic rally to $18.
Dogecoin On-Chain Metrics and Whale Activity
Popular crypto analyst Ali Martínez reported how Dogecoin is witnessing a surge in key on-chain metrics, including DOGE active addresses, transaction volumes, and whale activity. Thus, the memecoin is gaining strong ground on multiple fronts at this stage, which could set the foundation for a DOGE rally ahead.
On the other hand, there’s heavy whale buying for the memecoin over the past month. In a notable trend, Dogecoin (DOGE) whales have amassed over 1 billion DOGE tokens in the past month, signaling heightened interest and activity among large investors.
Crypto analyst Ali Martinez shared the data, emphasizing the accumulation as a bullish indicator. Increased whale activity often correlates with market confidence and could indicate potential price movements ahead.
DOGE Price Action Moving Ahead
As of now, the DOGE price seems to be forming a strong base at $0.22 levels. The immediate resistance on the upside is $0.27, crossing which will set the grounds for a new bull rally.
Furthermore, popular crypto analyst Trader Tardigrade noted that the memecoin is preparing for the next major super cycle. Prominent crypto analyst Trader Tardigrade has identified signs of a potential “Super Cycle 2” for the memecoin.
Drawing comparisons to its first explosive growth phase, the trader highlighted that current Dogecoin price levels could represent a significant opportunity for investors. “If the trend mirrors Cycle 1, $DOGE could experience rapid growth in the coming months,” Tardigrade noted.
Furthermore, the analyst points out that the DOGEUSD chart patterns highlight striking similarities between two key market cycles: 2014-2018 and 2021-2025. As per the below chart setup, the memecoin is currently in a strong accumulation phase could experience significant upward price movement in the latter part of 2025.
The logarithmic price scale on the right side of the chart shows a range from fractions of a cent to over $17. Retail investors need to have more patience to enjoy the mega rally ahead.
The post Dogecoin Supercycle To Start Soon With Strong DOGE On-Chain Metrics appeared first on CoinGape.
