Key Highlights
- Active wallet addresses on Dogecoin’s network increased 28% over seven days, jumping from 57,000 to 73,000
- DOGE token declined 1.64% before rebounding 0.46% to reach $0.09210
- Crypto expert Ali Martinez highlighted the on-chain metrics surge through Santiment analytics
- Hourly price chart reveals a bearish trend line establishing resistance near $0.0928
- Critical support zone identified at $0.0885, with potential downside to $0.0835 if breached
The Dogecoin network experienced a notable increase in active wallet addresses over the past week. According to information from Santiment, a blockchain analytics provider, active addresses expanded from approximately 57,000 to 73,000 within a seven-day period.
On March 31, cryptocurrency market observer Ali Martinez published the findings. He emphasized the 28% weekly growth as evidence of expanding user engagement across the network.
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 engaged in sending, receiving, or exchanging digital assets. An uptick in this indicator demonstrates increased blockchain interaction, although it doesn’t necessarily reveal whether participants are accumulating or distributing holdings.
Blockchain Engagement Intensifies
Martinez observed that on-chain indicators like active addresses frequently change before corresponding price action materializes. Market observers are monitoring this current data closely for signals about DOGE’s upcoming trajectory.
Increased network activity reflects actions from both accumulating and distributing participants. Traders adjusting positions, transferring holdings across wallets, or liquidating assets all factor into the overall count.
Historical data shows that spikes in wallet activity have often preceded periods of heightened price volatility. Whether that volatility trends upward or downward typically correlates with prevailing market sentiment.
The DOGE token initially fell 1.64% before mounting a modest comeback. Currently, the asset is changing hands at $0.09210, representing a 0.46% gain from previous levels.
Technical Barriers Emerge Around $0.0928
Throughout its recovery phase, Dogecoin successfully cleared the $0.0905 and $0.0912 resistance thresholds. The price action also pushed above the 50% Fibonacci retracement point calculated from the recent decline spanning $0.0937 to $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 materialized around the $0.0930 zone. Technical analysis of the hourly timeframe reveals a developing bearish trend line establishing resistance at the $0.0928 mark.
DOGE maintains positioning above both the $0.0912 threshold and its 100-hour simple moving average. The 76.4% Fibonacci retracement level also aligns with the $0.0928 resistance area.
Should DOGE successfully breach the $0.0930 barrier, subsequent upside targets include $0.0950 and $0.0980. A sustained rally beyond $0.0980 could position the psychologically significant $0.10 mark within reach.
For downside scenarios, immediate support emerges at $0.0915, with additional backing at $0.090. The most substantial support zone resides at $0.0885.
Failure to maintain the $0.0885 level could trigger further declines toward $0.0860 or potentially $0.0835.
DOGE remains in consolidation mode beneath $0.10, as market participants test critical technical levels throughout the current hourly timeframe.
