#CryptoRegulation
Dogecoin's active addresses surged by 528% to 469,477, with futures open interest rising 70% to $1.65 billion. The increase in active addresses indicates growing investor interest and network activity. Following an update to 21Shares' filing for a Dogecoin ETF, acknowledged by the SEC, market optimism rose. Glassnode reported a 70% rise in DOGE futures open interest, despite a price pullback, suggesting persistent speculative interest. Spot-buyer demand remains strong, with a taker buyer dominant pattern since March. Long-term holders also show optimistic sentiment. Analysts predict a potential price run to range highs, with resistance at $0.24 and a breakout expected to propel DOGE to $0.40. An inverse head-and-shoulders pattern on the 1-day chart hints at a surge to $0.42. This article does not offer investment advice, and readers are advised to conduct their own research.
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