Meme coin momentum has far evaporated from the peaks of a few weeks in the past, though there are some which can be nonetheless making waves. Nevertheless, most grow to be owned by just a few wallets that later dump on unsuspecting traders.
The scenario with the chief of this area of interest is sort of attention-grabbing. It continues to be a significant cryptocurrency with a multi-billion-dollar market cap, but it surely has fallen out of traders’ grace as curiosity in it has diminished. Or has it?
One thing Is Brewing
Widespread crypto analyst Ali Martinez, citing information from Glassnode, indicated earlier at the moment that the community exercise on Dogecoin has risen by virtually 50,000 energetic addresses. The chart under demonstrates the speedy improve on the finish of June and early July, going from beneath 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 significant purchase sign for the asset. The OG meme coin is up by 3% weekly, but it surely 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 almost 50,000 energetic 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 mentioned he’s nonetheless watching it carefully, particularly if it heads towards its long-term assist space throughout the $0.05 vary.
He added that different crypto property will carry out higher on this (or the following) cycle, however DOGE is “nonetheless one which tends to be dependable for an honest bounce as soon as a bear market backside is ready.”
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 might 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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