Dogecoin is skyrocketing, is it time to get on board before it's too late?

In the crypto world, where trends can change rapidly after a single tweet, Dogecoin (DOGE) still holds its throne in the memecoin segment. With a market capitalization of up to 37.7 billion USD, DOGE not only far surpasses its competitors but also asserts its iconic status in the hearts of the global cryptocurrency community.

The competitor ranked below – Shiba Inu (SHIB), currently only has a market capitalization of about 8.9 billion USD. This large gap shows a clear difference between DOGE and the rest of the memecoin market, while also highlighting the strength of a coin nurtured by community and trust – rather than technology.

DOGE leads the memecoin wave, increasing sharply by 27.7% this week

Last week, Dogecoin recorded an impressive growth of 27.7%, outpacing notable names like SHIB ( up 15.2% ) and PEPE ( up 13.8% ). This breakthrough not only shows that the technical momentum is supporting DOGE, but also affirms that: Dogecoin remains the flag bearer in the world of memecoin, despite the wave of competition from "newcomers" like BONK and FLOKI.

However, the question is: Is this increase just temporary, or is it the beginning of a new bull cycle?

On-chain signals: Strong accumulation but profit-taking is increasing

Recent on-chain data shows that from May until now, the financial situation of Dogecoin holders has significantly improved – more and more people holding are entering the profit zone. One of the inevitable consequences is that long-dormant tokens are starting to be activated, increasing the level of volatility on the network.

Two prominent indicators clearly illustrate this trend:

• The average age of coins has been steadily decreasing over the past two months - this indicates that older tokens are being cycled back into the market.

• MVRV – a metric measuring the unrealized profit of holders – continues to rise. Currently, those holding DOGE over the past 180 days are recording an average profit of up to 15%.

This attractive profit level is the driving factor behind the short-term profit-taking wave, which contributes to reducing the average age of circulating currency.

Source: Santiment## HODLers are still accumulating, despite signs of a temporary slowdown.

Data from Glassnode shows that the net position change of HODLers – representing long-term investors – continues to maintain a positive trend throughout most of 2025. Long-term capital continues to flow into DOGE, reinforcing the trend of sustainable accumulation.

However, in the past month, the accumulation rate has somewhat slowed down. This is a factor that helps explain why the average lifespan of the token has decreased – part of the cash flow may have rotated or temporarily shortened the holding period.

Nevertheless, overall, the fact that HODLers continue to hold their position is still a positive signal for the future of Dogecoin – indicating that the long-term belief in the value and growth potential of this leading memecoin in the market has not diminished.

Source: Glassnode

Technical Analysis: The $0.25 level is a key point

The daily chart of Dogecoin is showing a clear bullish price structure, with positive signals regarding momentum and trading volume. Specifically, the daily trading volume has exceeded the average of the last 10 days, indicating that strong buying pressure is returning to the market.

Notably, DOGE has successfully recovered the price range of $0.196, establishing it as a solid support area before surging to the strong resistance level of $0.25. In recent hours, this coin has continued to test the local peak at $0.257, but then faced correction pressure and retreated to $0.251 at the time of writing.

Technical signals also indicate a differentiated picture:

DOGE Price Chart | Source: TradingviewIn the short term, the $0.25 level acts as a key resistance threshold. If Dogecoin can convert this price range into new support, it will be an extremely positive technical signal, opening up the possibility of a breakout to higher price levels like $0.27 and $0.3.

Conversely, if DOGE continues to be rejected at this level, the market may enter a correction phase, with the nearest support zone located around $0.22–0.21 – where significant buying pressure has been attracted recently.

Despite the memecoin market becoming increasingly crowded with the emergence of a plethora of new projects, Dogecoin still maintains its position as a bold "leader." With a strong community foundation, robust short-term growth momentum, and positive signals from long-term investors, DOGE remains a noteworthy name for both traders and long-term investors.

In a market where emotions strongly influence like crypto, Dogecoin is not just an investment asset – but also a symbol of modern cryptocurrency culture.

Taylor