Dogecoin Could Be Set For Breakout Amidst Whale Rallying And More Navigation Activity

• The recent activity in Dogecoin (DOGE) shows significant whale interest and suggests a potential breakout, but market caution is still prevalent.

• The latest data shows an increase in navigation activity, indicating growing consumer engagement that could indicate an upward trend for DOGE.

• As pointed out by COINOTAG, “The increase in whale pooling along with expanding address sizes indicate a critical moment for Dogecoin.”

This article examines Dogecoin's recent whale activity and addresses trends as potential signals for a price breakout amid market caution.

DOGE price action – breakout or another consolidation?

At press time, Dogecoin's price action indicated a tense situation as it traded within a bullish pennant pattern. The critical resistance level stood $0.366which could be a starting pad to rally towards $0.50 if it is broken.

However, a failure to break above this resistance could extend the consolidation phase, frustrating bullish traders.

Source: TradingView

Analysis of Dogecoin navigation activity

A study of Dogecoin address statistics showed an encouraging trend in network activity. In the past week a 102.4% spike in new addresses, while active addresses have increased 111.32%.

These numbers indicated an increase in customer engagement – ​​a metric often linked to price growth. In addition, zero addresses have increased 155.44%showing an influx of new partners testing the ecosystem.

Source: IntoTheBlock

The daily trading schedule for Dogecoin is very cautious

Despite the growing whale interest, the number of Dogecoin transactions fell significantly, with only 7,843 transactions recorded at press time. This decline confirmed quiet activity on the chain, which could be the starting point against a support move.

However, historically, such quiet periods have preceded sharp price movements, making it a situation worth watching closely.

Source: Santiment

DOGE technical indicators

Dogecoin technical indicators indicated a market at a crossroads. The Relative Strength Index (RSI) appeared to be hovering around 40.76refers to a market heading towards oversold conditions, but not quite there yet.

Meanwhile, the Directional Movement Index (DMI) indicated bearish dominance, with the -DI at 31.91 overriding the +DI at 15.28. Therefore, although the technical outlook is not entirely bearish, it highlighted the importance of a strong catalyst to reverse the current trend.

Source: TradingView

Liquidity Data – Indicators of a trend?

Liquid figures gave a positive impression, with $257,420 in short roles liquidated compared to $133,630 in a long time. This imbalance suggested that short sellers are starting to lose control, possibly paving the way for a reversal.

However, this trend requires sustained buying interest to turn the tide.

Source: Coinglass

Dogecoin's (DOGE) stock price history for 2024-2025

Dogecoin's recent whale rally and rising address activity indicate its potential for a breakout. However, with low trading counts and mixed technical indicators, the current market remains uncertain. If DOGE succeeds $0.366the next bullish phase could begin. For now, there is cautious optimism.