Dogecoin Surges 102.40% in New Addresses, Eyes 214.6% Gain to $0.52

Dogecoin has formed an accumulation base at $0.1610, indicating a potential breakout toward $0.52 in the short term. This development comes as on-chain activity surges, with new addresses increasing by 102.40%, signaling rising network engagement. Analysts have noted that Dogecoin has maintained a higher-low trend since late 2023, with long-term targets reaching up to $20.

Dogecoin is currently trading at $0.1610, forming a base that mirrors historical trends. In the previous cycle, Dogecoin rose from $0.0003 to $0.009. In the current cycle, projections suggest possible jumps from $0.42 to $1.46 to $4. This pattern is supported by Change of Character (CHoCH) signals, which often precede trend shifts as early buying activity begins to build momentum.

Recent price action resembles the structure seen before Dogecoin’s rally in late 2024. During that period, a breakout from consolidation pushed prices from below $0.14 to $0.48. A similar pattern is now forming after a decline to $0.128 and a failed breakout near $0.254 in May 2025. The current pattern indicates that Dogecoin may be preparing for another breakout. If the trend plays out as expected, potential price targets could reach $0.52 in the short term, offering a 214.6% move from current levels.

On-chain data shows a 102.40% increase in new addresses over the last seven days. Active addresses also jumped 111.32%, and returning users pushed zero-balance wallets up by 155.45%. This suggests renewed interest and engagement with the Dogecoin network. Traders on social media noted that Dogecoin’s weekly structure has maintained a higher-low trend since late 2023. If this holds, the next move could test the upper range of the ascending channel. According to the analyst's forecast, if Dogecoin follows its past cycle performance, the asset may eventually target the $20 range over time.