Dogecoin Flirts with $0.077 Long-Term Support as Active Addresses Surge Near 50,000 – Potential Cycle Bottom in Play

Dogecoin is testing its historic long-term support at $0.077, a critical floor that has marked cycle bottoms during past corrections. With active addresses climbing toward 50,000 and on-chain activity heating up, traders are watching whether buyers can defend this zone and ignite a bullish reversal. This support level has proven resilient over the last three years, and a successful defense could signal a major turning point for the meme coin giant.

Historic support area back in focus

Crypto analyst Chiefrat notes that Dogecoin (DOGE) has fallen back to a macro-level support area considered critical for its price stability. This region became prominent as a bottoming zone during market downturns in 2022, 2023, and 2024, making it an important inflection point for traders closely monitoring DOGE’s price reaction.

At the time of reporting, DOGE was trading at $0.07744, with a 24-hour trading volume of $524.86 million and a market capitalization of $13.21 billion. Despite mostly flat price movement in the last 24 hours, the technical outlook continues to fuel expectations for a possible shift in trend.

Chiefrat emphasizes that Dogecoin has revisited a long term support zone that previously signaled market bottoms, leading many in the market to watch for early signs of a new upward move.

According to analysts, if DOGE manages to hold above this support, the first technical target lies at $0.28. Should the outlook improve further, a long-range scenario could see the price reach $0.45 by 2026. However, these levels remain potential targets rather than guaranteed outcomes, resting heavily on shifting technical signals.

On-chain activity sees notable uptick

Another analyst, Ali Charts, brings attention to the sharp increase in active addresses on the Dogecoin network. Data shows that the number of active wallet addresses is closing in on the 50,000 threshold, a sign many view as evidence of strengthening user engagement on-chain.

Mini glossary: An active address refers to a wallet address that has initiated a send or receive transaction within a specified period. Though this metric alone does not guarantee a price move, it is widely used to track changes in overall network activity.

The drivers behind this rise in active addresses remain unclear. However, it is interpreted by some as a sign of renewed investor interest. While participants see the increase in on-chain strength as a positive, experts caution that heightened activity does not necessarily translate into immediate price gains.

Ali Charts believes that the approaching 50,000 mark in active addresses signals a clear rebound in on-chain network strength for Dogecoin.

Next move hinges on support strength

Dogecoin’s next major price direction will largely depend on whether the long-term support level remains intact. If the uptick in active wallets is accompanied by stronger buying, the price could attempt a move towards resistance zones. Conversely, a decisive break below support may intensify selling pressure on DOGE.

The ongoing balance in the market is also shaped by the flat performance of Bitcoin. Bitcoin’s current stability continues to play a defining role in steering short-term price action not only for Dogecoin, but also for the broader altcoin market.