Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Dogecoin (DOGE)is again drawing attention with new analysis from an investment data analysis platform, Alphractal points to strengthening network metrics that could pave the way for a significant price breakout. With miners driving hash rate levels toward record highs and long-term valuation models signaling room for growth, the popular meme coin appears to be building a solid base for its next potential move higher. Dogecoin Market Metrics To Spark Breakout
In an X social media post on Thursday, Alphractal highlightedthat Dogecoin’s underlying blockchain strength may set the stage for a potential breakout. Despite being one of the most volatile assetsin the crypto market, Dogecoin’s mining network continues to showcase resilience, with hash rate activitytrending toward record highs.
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The latest data shows that Dogecoin’s mean hash rate has steadily climbed since 2020, closely mirroring its price growth, and signaling that miner commitment has persisted and intensified even during long consolidations. This level of mining participation demonstrates miners’ continued confidence and reflects the DOGE network’s growing robustness. With hash rate trending near its highest historical levels, the meme coin’s security and transaction reliability remain well-supported, mitigating concerns over structural weakness. Source: Alphractal on X
At the core of Alphractal’s analysis is its newly developed Network Stress Index, a metric designed to gauge blockchain health by combining multiple key stress indicators. Higher readings on the stress index typically point to turbulence or instability, while lower values reflect a balanced and secure network environment. Recent readings show that Dogecoin’s network is currently stable, with no immediate signs of systemic stress, opening the door for potential upward momentum.
The resilience of Dogecoin’s network metrics may also play a key role as it continues trading around what Alphractal calls the True Market Mean Price. As DOGE consolidateswithin this range, a strong foundation is being built for a potential breakout that could drive the meme coin toward its next major price milestone. Alpha Price And CVDD Highlight DOGE’s Long-Term Upside
Beyond network resilience and hash rates, Alphractal’s models, such as the Alpha Price and the Cumulative Value Days Destroyed (CVDD), provide deeper insights into Dogecoin’s valuation potential. The Alpha Price acts as a sentiment-driven gravitational model, capturing where the asset should trade relative to broader psychological and technical conditions.
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Historical alignment between Dogecoin’s market price and the Alpha Price suggests that this model often serves as a reliable compass during rallies and corrections. Meanwhile, the CVDD modelhas been one of the most accurate indicators for identifying long-term tops and bottoms in UTXO-based blockchains like Dogecoin, Bitcoin, and Litecoin.
According to Alphractal, current CVDD readings for Dogecoin highlight how the price is consolidating between the lower and upper bands, mirroring patterns seen ahead of previous major rallies. The analysis reports that the CVDD top currently sits at around $0.54, but this threshold could rise as dormant coinsbegin moving back into circulation. This dynamic is expected to drive the DOGE price to $1, particularly if heightened network activity sparks a new wave of speculative demand. DOGE trading at $0.21 on the 1D chart | Source: DOGEUSDT on Tradingview.com Featured image from Getty Images, chart from Tradingview.com