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Dogecoin (DOGE) traded within a narrow range on Tuesday after a turbulent week in which the broader crypto market struggled under renewed selling pressure.
Notably, over the past seven days, the world’s largest memecoin decreased by nearly 2%, reflecting cautious sentiment sweeping the digital asset market.
Meanwhile, according to data shared by platform CoinGecko, Dogecoin has demonstrated striking dominance in the non-fungible token (NFT) market.
The platform highlighted that DOGE’s market capitalization has surged to more than eight times the combined value of the entire NFT sector, underscoring the token’s outsized position in the broader digital asset landscape despite shifting market trends.
The comparison reignited debate over Dogecoin’s staying power in the crypto industry, especially at a time when NFT trading volumes and valuations have continued to cool significantly since their 2021 highs. While NFTs once represented one of the fastest-growing segments in crypto, Dogecoin has maintained a much larger and more resilient market presence, largely driven by its loyal community and continued speculative demand.
 
Additionally, analyst Javon Marks pointed to a bullish divergence forming on Dogecoin’s MACD, suggesting momentum may be shifting in favor of buyers. According to him, DOGE has already begun reacting positively to the setup, increasing the likelihood of a stronger upward move.
The analyst stated that the current breakout structure still supports a possible rally toward the $0.6533 level, representing an increase of nearly 500% from lower consolidation zones.
He further argued that a successful breakout above that region could eventually open the path toward approximately $1.25, a level that would mark a new historic milestone for the memecoin.
He also suggested that the ongoing divergence could be laying the groundwork for what he described as a “huge running season” for Dogecoin, particularly if broader market conditions improve in the coming months.
Meanwhile, popular analyst Ali Martinez indicated that Dogecoin had already reached one of his short-term price targets. The analyst noted that DOGE successfully touched the $0.1172 level at the top of a trading channel, prompting him to secure profits.
Recall that last month, the popular analytics platform Santiment revealed that Dogecoin whale activity had surged to its highest level in six months. The firm disclosed that whale transactions worth at least $100,000 rose to 739 transfers in a single day, highlighting a sharp uptick in large-scale investor participation.
Moreover, the firm reported that the 149 wallets holding at least 100 million DOGE collectively accumulated a record of 108.52 billion DOGE, valued at roughly $11.6 billion at the time.
At press time, DOGE was trading at $0.1102, reflecting a 1% drop in the past 24 hours.
