Dogecoin Surges 36% in Active Addresses - But Is the Rally Real?

We've been watching Dogecoin closely this week, and the network activity is flashing signs of life. Active addresses jumped a staggering 36% to over 71,400, while DOGE price returned to a long-term base.

For those of us tracking memecoins, these numbers signal that something might be brewing. But is it enough for a sustained rally?

Dogecoin Active Addresses Explode

Over the past week, we noticed a sharp increase in Dogecoin's on-chain activity. According to data shared by Ali Charts, active addresses climbed from the low 50,000s to over 71,400. That's a 36% surge in just seven days, pointing to renewed participation across the DOGE network.

From late January into early February, activity steadily picked up after a brief dip around Jan. 25-26. By Feb. 1, we saw one of the strongest weekly expansions in address activity in months. It's clear that more users are interacting with the network, suggesting rising interest, even if price action hasn't fully caught up yet.

Price Returns to Long-Term Base

On the charts, DOGE has moved back into a long-term base zone near $0.10 on the weekly timeframe. This zone has historically acted as a consolidation point after declines. We've seen similar reactions here in the past, where price stabilized before attempting a directional move.

Even though Dogecoin has held above this key support, it remains trapped in a descending channel with lower highs since late 2025.

Sellers are still in control, and overhead resistance near $0.156-$0.20 continues to cap upside attempts. Momentum indicators, like the daily RSI hovering near 35, hint at oversold-adjacent conditions, but not a reversal yet.

Leverage and Crowded Longs Create Tension

Looking at derivatives data, we noticed that about 75% of top Binance merchants hold long positions in DOGE. That's a strong directional bias, but combined with negative funding rates, it also signals stress among leveraged participants. For us watching the market, this means that Dogecoin could either stabilize and absorb selling pressure or face forced deleveraging if the price slips.

In short, participation is rising, but leverage risk keeps the outlook fragile. DOGE's next phase depends less on hype and more on whether demand can outpace pressure from crowded positions.

The Elon Effect Fades

Interestingly, renewed Dogecoin hype from Elon Musk has had little impact. Even after he hinted at putting Dogecoin "on the literal moon" next year, DOGE's reaction was muted compared to past cycles. Unlike past cycles, sentiment-driven catalysts alone aren't enough to push the memecoin higher. We're seeing stabilization, not a breakout.

Diversifying with MTAUR: A Smart Move for Dogecoin Holders

As we watch Dogecoin navigate its range-bound movements, it's natural to think about diversifying our crypto portfolio. One project that has caught our attention is Minotaurus (MTAUR) (http://minotaurus.io/insight/7316670cc620132ff076).

For us, it represents an exciting opportunity to balance our DOGE holdings with a high-potential token that's still affordable and rapidly gaining momentum.

The Strong Momentum So Far

MTAUR's price action tells a story of massive upside. Just months ago, it was at 0.00004 USDT, and today it sits at 0.00012656 USDT, a surge of over 215% without a single dip. This growth demonstrates strong market interest, and the project is still in its early stages, making it an appealing target for early adopters.

The interest is tangible: MTAUR has already accumulated over 3 million in deposits, signaling confidence in its potential.

With a starting market cap of 5.6 million USDT, the token could realistically grow to 56 million or even $560 million, offering outsized benefits to early entrants.

To put it into perspective, a modest $100 today could buy around 800,000 MTAUR tokens (http://minotaurus.io/insight/7316670cc620132ff076), which could rise to nearly $10,000 if the price reaches 0.012 USDT. This is reminiscent of the early opportunities offered by XRP and Ethereum.

Verified, Audited Project

MTAUR is a verified, audited project. According to the Coinsult Proof of Assets report, the presale wallet has had zero outbound transactions during the entire 549-day presale, with total on-chain holdings of 2.7 million USDT. This transparency gives us confidence in the legitimacy and stability of the project.

The team is actively building, with major partnerships, news, and listing announcements expected soon. For Dogecoin holders looking to hedge against volatility while exploring a token with serious upside potential, MTAUR represents a unique chance to diversify smartly and early.

We'll be keeping a close eye on MTAUR, and for anyone interested in participating, you can find all pre-launch details and joining instructions on the official Minotaurus website (http://minotaurus.io/insight/7316670cc620132ff076).

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