Dogecoin Price Prediction as Weekly Active Addresses Surge 16%: Is $0.1 Next Target?

Dogecoin price traded around $0.06978 as the broader crypto market remained under pressure during recent consolidation. The weekly active DOGE addresses increased 16% as network participation is stronger, but price action is subdued. 

Meanwhile, Bitcoin price held near $64,000 as Trump confirmed the reopening of the Strait of Hormuz, while traders watched whether growing on-chain activity could support a move toward the $0.10 level.

Dogecoin Open Interest Hits $1.10B While Options Volume Plunges

Trading of Dogecoin in the futures and options market was mixed. Trading volume fell 2.78% to $661.08 million. Meanwhile, open interest increased 2.19%, reaching $1.10 billion. Such values indicate that traders are holding positions amidst light market activity.

Options trading also saw a steeper fall, with volume down 54.64 to $221.54. However, options open interest climbed 5.51% to $902.92K. The growth suggests that there are still market players creating or maintaining contracts. This trend indicates long-term interest in Dogecoin even when less appealing options have low trading volumes.

Dogecoin Whales Buy Another 200 Million DOGE on Robinhood

The number of Dogecoin whales has grown, with another 200 million DOGE was bought via Robinhood. The most recent deal is estimated to be worth about $14 million. The move indicates that there is still interest among the large holders despite recent market changes.

Dogecoin whales purchased another 200 million $Doge on Robinhood.

Valued at $14M. pic.twitter.com/tNTgGGBz1Z

— dogegod (@_dogegod_) August 3, 2026

The new buy indicates that large investors are still in the Dogecoin market. Accumulation of whales is usually observed since it may indicate increasing confidence or a holding policy.

Dogecoin Network Sees 16% Surge in Weekly Active Addresses

Dogecoin is also showing on-chain activity as the weekly active addresses on the network continue to rise. 

The weekly active Dogecoin addresses increased by 16% to approximately 44,000 as compared to 38,000. The gradual increase indicates increased network activity and user engagement.  

DOGECOIN IS WAKING UP

Weekly active $DOGE addresses have jumped 16%, from 38,000 to 44,000, indicating a sharp increase in on-chain activity. pic.twitter.com/dDauxsLzz8

— Ali Charts (@alicharts) August 5, 2026

The growth of the number of weekly active addresses is also typically regarded as a positive on-chain Dogecoin indicator. Increased network activity tends to indicate more user engagement, which may reinforce price appreciation in case of similar increases in buying demand.

Can Dogecoin Price Break $0.10 This Week?

The DOGE price was around $0.0699 at the time of writing, having stabilized following a number of sideways trends. 

The Moving Average Convergence Divergence (MACD) indicator remains almost flat. Both signal lines are close together near the zero line. 

Meanwhile, the Relative Strength Index (RSI) sits around 47. The reading is lower than the neutral 50.

In case buyers regain $0.07, the initial upside limit is at $0.0720. A decisive break above that level could send the full Dogecoin forecast report toward $0.0750. Sustained bullish momentum may then open the door to $0.0780.

In case the sellers regain control, the initial downside target is at 0.0680. A break below that support could push DOGE toward $0.0660. Additional weakness would enhance the chances of a deeper correction.