🐶🚀 ¡#DOGECOİN ON FIRE! Active addresses soar 528% and ETF in sight.
Dogecoin (DOGE) continues to gain momentum 🔥 following the SEC's acknowledgment of 21Shares' spot ETF application 🏦. The active addresses of #memecoin🚀🚀🚀 skyrocketed by 528%, from 74,640 to 469,477 😲, signaling robust activity on the network and growing investor interest.
This increase followed the update of the ETF application, joining similar efforts from Bitwise and Grayscale, fueling optimism for potential widespread adoption 🚀. Additionally, open interest in futures of $DOGE grew by 70% in the last week, reaching $1.65 billion 💰, despite a slight price drop, indicating strong speculative interest.
Spot buyers are also showing strong demand 💪, with the cumulative volume delta of spot buyers (CVD) dominated by purchases since early March. This pattern preceded a 385% surge in the fourth quarter of 2024. The net unrealized profit/loss (NUPL) of long-term holders also shows optimistic sentiment 😊.
Analyst Trader Tardigrade points out a key resistance at $0.24, with potential consolidation before a breakout towards $0.40 🎯. Advocate of #DOGE , Kriss Pax, highlights an inverted head and shoulders pattern on the daily chart, suggesting a possible rise to $0.42 🎯.
Do you think the massive increase in active addresses and interest in the ETF will drive Dogecoin to $0.40 or even higher? 🚀🐶 Are you ready for takeoff?
#TrumpTariffs #BinanceAlphaPoints
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