In the world of crypto, where trends can change rapidly with just a tweet, Dogecoin (DOGE) still holds its throne in the memecoin segment. With a market cap of up to $37.7 billion, DOGE not only outpaces its competitors but also affirms its iconic status within the global cryptocurrency community.
The runner-up – Shiba Inu (SHIB), currently only has a market cap of about $8.9 billion. This large gap highlights the stark difference between DOGE and the rest of the memecoin market, emphasizing the strength of a coin nurtured by community and trust – rather than technology.
DOGE leads the memecoin wave, soaring 27.7% in the week
In the past week, Dogecoin recorded outstanding growth of 27.7%, outpacing notable names like SHIB (up 15.2%) and PEPE (up 13.8%). This breakout not only shows that technical momentum is supporting DOGE, but also confirms that Dogecoin remains the flagship in the memecoin world, despite competitive waves from newcomers like BONK or FLOKI.
However, the question remains: Is this upward trend only temporary, or is it the beginning of a new bullish cycle?
On-chain signals: Solid accumulation but profit-taking is increasing
Recent on-chain data shows that from May to now, the financial situation of Dogecoin holders has markedly improved – more and more holders 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 notable indicators clearly illustrate this trend:
The average coin age has been steadily declining over the past two months – suggesting that old tokens are being cycled back into the market.
MVRV – the metric measuring unrealized profits of holders – continues to rise. Currently, those who have held DOGE for the past 180 days are recording an average profit of up to 15%.
This attractive profit level is the driving force behind short-term profit-taking, contributing to the decrease in the average age of circulating coins.
HODLers continue to accumulate, despite signs of a temporary pause
Data from Glassnode shows that the net position change of HODLers – representing long-term investors – maintains 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 age 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 maintain their positions is a positive signal for Dogecoin's future – indicating that long-term confidence in the value and growth potential of this leading memecoin remains undiminished.
Technical analysis: The $0.25 level is a crucial point
The daily chart of Dogecoin is showing a clear bullish price structure, with positive signals regarding momentum and trading volume. Specifically, daily trading volume has surpassed the average of the last 10 days, indicating strong buying pressure returning to the market.
Notably, DOGE successfully recovered the $0.196 price area, turning it into solid support before surging to the strong resistance area of $0.25. In recent hours, this coin has continued to test the local peak at $0.257 but then faced corrective pressure and retreated to $0.251 at the time of writing.
Technical signals also show a picture of divergence:
RSI remains in the positive zone, confirming that the upward momentum is still in effect.
Meanwhile, CMF is showing signs of weakening cash flow into the market in the last 24 hours – a factor to watch if the upward trend is to be maintained.
In the short term, the $0.25 level acts as a key resistance. If Dogecoin can turn this price area into new support, it would be an extremely positive technical signal, opening up the possibility of a breakout to higher price areas 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 area around $0.22–0.21 – where significant buying pressure had previously attracted attention.
Although the memecoin market is becoming increasingly crowded with the emergence of numerous new projects, Dogecoin still maintains its performance as a bold 'trailblazer.' With a solid community foundation, strong 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 are strongly influencing, Dogecoin is not only an investment asset – but also a symbol of modern cryptocurrency culture.
