Explosive Dogecoin Revival: 71K Addresses Signal Bullish Meme Momentum

Dogecoin active addresses have surged to 71,589, marking the strongest spike since September. This on-chain strength is diverging from price action, as $DOGE holds support at $0.145. Analysts are eyeing potential targets between $0.22 and $0.25 if the meme-coin's momentum persists.

In the ever-volatile world of cryptocurrencies, Dogecoin ($DOGE) is barking back with renewed vigor. On December 4, 2025, the Shiba Inu-inspired token recorded a staggering 71,589 active addresses—the highest spike since September—according to fresh Glassnode data. This surge arrives as $DOGE trades at approximately $0.1518, decoupling from broader market jitters and hinting at grassroots enthusiasm brewing beneath the surface. The chart paints a vivid picture of this resurgence. From mid-November lows where active addresses languished around 42,000—mirroring a price dip to $0.14—activity steadily climbed through Thanksgiving volatility.

Network Activity Spikes as Price Consolidates

By late November, bars began stacking higher, cresting at 71K amid a modest price uptick. The black price line, meanwhile, weaves through consolidation, refusing to break below key support at $0.145. This divergence is telling: while Bitcoin and Ethereum grapple with macroeconomic headwinds, Dogecoin’s network hums with retail-driven transactions, often a precursor to explosive moves in meme assets. What fuels this on-chain awakening? Dogecoin’s enduring appeal lies in its accessibility and cultural cachet, amplified by Elon Musk’s sporadic endorsements.

Drivers Behind DOGE’s Renewed Strength

Though no fresh tweets from the Tesla CEO have surfaced recently, the timing aligns with seasonal altcoin rotations and whispers of potential integrations in payment ecosystems. Historically, similar spikes—like the September 2024 rally that pushed $DOGE past $0.20—preceded 50%+ gains. On-chain metrics like rising transaction volumes and holder accumulation further bolster the bull case, with OBV (On-Balance Volume) showing stealth inflows despite the price’s sideways grind. Yet, risks loom.

The Risk Landscape: Key Levels to Watch

A failure to breach $0.16 resistance could see $DOGE test $0.13 amid FUD from regulatory shadows or equity sell-offs. Still, with RSI flashing bullish divergence at 32 and MACD histograms flipping positive, the setup screams opportunity. For web3 natives, this isn’t just hype—it’s a reminder that memes thrive on community velocity, not fundamentals alone. As $DOGE eyes year-end targets of $0.22–$0.25, savvy traders might stack sats on dips, betting on the dog’s undying loyalty.

In a cycle where utility chases virality, Dogecoin’s pulse quickens. Will this spark a holiday howl, or fizzle into fiat noise? One thing’s certain: the pack is assembling.