3 Price Rise Signals for Dogecoin as $DOGE Battles Key Resistance Levels

Famous cryptocurrency analyst Ali Martinez recently outlined in a post the increasing level of activity on multiple fronts for the largest meme coin. He noted that there has been a significant increase in active addresses, trading volume, and perhaps most importantly, whale activity. Therefore, he concluded that all of this is "bullish signals that could support the next price increase."

We have reported many times in the past about the importance of a certain blockchain ( and its underlying asset ) when the number of active addresses and transaction volume increases. Bitcoin became a clear example of this in 2025 when its price sharply declined in February, March, and early April as activity waned and surpassed the $100,000 mark after the recovery metrics. Regarding whale activity, Martinez stated that large market participants have accumulated over one billion DOGE in just the past month. With the current price of Dogecoin around 0.225 dollars, this amount is equivalent to more than 220 million dollars.

What's next, DOGE? The price of the meme coin has decreased significantly in the first few months of the year, hitting a low of $0.13 at the beginning of April. It stabilized around $0.16 in the following month but has surged along with most of the market since May 8, skyrocketing to $0.26 achieved on May 11. At that time, it faced strong rejection and decreased by 13.5% compared to the current level. According to Martinez, DOGE is currently trying to break through "a major resistance zone"; if regained, it could "trigger a new bullish wave." Crypto Thies believes that there will be a prolonged consolidation phase at this time and may test the support area of $0.2-$0.21. If it holds, the price of the OG meme coin could soar to $0.3.