Dogecoin’s Wild Ride: 400% Surge! Is It a Dog or a Rocket?

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Hold onto your leashes, folks! Dogecoin (DOGE), the cryptocurrency that’s more popular than a dog in a tutu, is strutting its stuff with a jaw-dropping 400% increase in active addresses! That’s right, we’re talking about nearly 395,000 addresses barking up the blockchain! 🐶💰

#Dogecoin $DOGE is hotter than a jalapeño in a sauna! On-chain data from @santimentfeed shows that active addresses skyrocketed 400% to nearly 395,000.

— Ali (@ali_charts) March 15, 2025

Now, let’s chew on this for a second. According to our pals at Santiment, while the crypto market is about as lively as a sloth on a Sunday, some altcoins are wagging their tails and showing signs of life! 🦙💤 You’d think during a marketwide price downturn, whales would be swimming away, but nope! They’re still splashing around, accumulating like they’re at a buffet! 🍽️🐋

But wait! Not all crypto assets are having a party. Some are as dry as a bone in the desert! Recent weeks have seen price action that’s about as exciting as watching paint dry. So, it’s no surprise that speculative-driven assets are having their “coldest” days of the year. Brrr! ❄️

But here comes Dogecoin, the underdog (pun intended), showing off its shiny new on-chain activity badge! Santiment has crowned it the “top address activity riser” during this market downturn. Talk about a comeback story! 🎉

Dogecoin Price Action

As of this very moment, DOGE is up 2.89% in the last 24 hours, strutting its stuff at $0.1738, defying the odds like a dog that just learned to fetch! 🐕‍🦺💸 Who needs a death cross when you can have a life-affirming bounce off the $0.14 support on March 11? That’s three out of the last four days in the green! Go, Doge, go!

Now, this relief rally is gearing up to face some selling at $0.19. The first sign of strength will be a break and close above this level. If that happens, we might just see a rally to the daily simple moving averages of 50 and 200 at $0.242 and $0.248, respectively. But beware! Sellers will be lurking like cats in a dog park, ready to pounce! 🐱🚫

On the flip side, if DOGE decides to take a nosedive from its current heights, we could be looking at a breach below $0.14. And if that happens, it might just tumble down to $0.10. Yikes! Talk about a ruff day! 🐾

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2025-03-15 15:26