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The active addresses of Dogecoin 528 % increased to 469,477.
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The future interest of Doug decades increased by 70 % to $ 1.65 billion, indicating a strong speculation benefit.
On May 13, Dogecoin (Duj) An amazing increase of 528 % in the active headlines, increased from 74,640 to 469,477, indicating a strong network activity and the increasing interest of the investor. This increase was followed up to the 21shares file for Spot Dogecoin ETF, and received recognition from the US Securities and Stock Exchange Committee (SEC). The Financial Services Company confirmed Development on x On May 14.
The deposit, which aims to track the price of Doug, corresponds to similar efforts by BitWise and Grayscale, hinting to the potential dominant adoption. This news was optimistic about the market, which led to a high activity of Memecoin.
In addition to momentum, Glassnode I mentioned This open interest for Dog’s decades increased by 70 % during the past week, increasing from 989 million dollars to $ 1.65 billion, despite the low prices from the highest levels. This separation indicates the interest and the open price to the constant specification of the speculative sites, which is a glass -trend that was observed as “worth monitoring” of potential fluctuations.
Dog also witnessed a strong demand for localized purchase, and Cointelegraph I mentioned Dele’s Spot Taker 90 days of Delta (CVD) is currently “Taker Buyer”, which reflects the purchase of more aggressive than sale since early March.
This pattern was previously ranked 385 % to $ 0.48 in the second quarter of 2024. In addition, net profit/unrealized loss in the long term (NUPL) for DOGE holders (at least 155 days) 0.5, indicates optimistic “Iman” feelings.
With the increased network activity, high speculation interests, and immediate buyers, the driver of the market in Dogecoin puts the way for potential prices to its highest levels.
Related: Predictions Price 5/14: BTC, ETH, XRP, BNB, Sol, DOGE, ADA, SUI, Link, Avax
Dogecoin price targets $ 0.40
Tardigrade merchant dealer male This Doge has reached a major resistance level of about $ 0.24, with expected summary unification during the next few days. The collapse above this resistance may push DOGE to $ 0.40, indicating a healthy upward momentum.
At the same time, the supporter Dogecoin Chris Pax High Reverse style of the head and shoulder on the graph for one day, indicating a possible increase to $ 0.42 with the pattern that reflects the upscale collapse. The merchant said,
“She holds between $ 0.22 and $ 0.25. Opportunities for declines will come. Some will swing in trade. But when Dog $ decides to take off, you will want to be on board.”
Related: Bitcoin Bulls aims to the highest new levels ever by next week, as capital rise
This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.
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