Dogecoin (DOGE) has been experiencing price volatility and has struggled to maintain stability above $0.27. Despite a recent increase in trading volume, the coin has not been able to sustain upward momentum. However, on-chain analyst Ali Martinez believes that the tide may soon change in favor of Dogecoin investors. Martinez points to bullish signals from daily active addresses, transactions, and whale movements, suggesting that a surge in these metrics could lead to renewed interest and a price increase. Data from Santiment also shows a correlation between DOGE's price and active addresses. Additionally, the decline in transactions from Dogecoin whales has recently been observed, but a reentry by these large holders could result in positive price movement.



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