DOGE Eyes $0.40 Breakout as Active Addresses Spike 528%

Dogecoin (DOGE) is showing strong bullish momentum, with a 35% surge over the past week, now trading at $0.232. Analysts suggest that a breakout above the $0.24 resistance level could propel the meme coin toward $0.40 or even $0.48. This Optimism is fueled by a staggering 528% spike in active addresses on May 13, indicating growing interest and adoption. Trader Tardigrade notes that while DOGE faces resistance at $0.24, a brief consolidation phase is expected before another upward push. The rally began after DOGE broke through the $0.17 level on May 7, and the current trading range is confined between $0.22 and $0.24. With the current price at $0.22648000 USDT, the crypto community is closely watching for the next major move. The combination of technical breakout potential and on-chain activity suggests that DOGE could be gearing up for a significant price appreciation in the near term.

Dogecoin (DOGE) Could Reach $0.40 If This Resistance Level Is Cleared

Dogecoin surged 35% over the past week, now trading at $0.232. Analysts suggest a breakout above $0.24 could propel the meme coin toward $0.40 or even $0.48, fueled by a 528% spike in active addresses on May 13.

Trader Tardigrade notes resistance at $0.24, predicting brief consolidation before another upward push. The rally began after Doge broke through $0.17 on May 7, with current trading confined between $0.22 and $0.25.

Dogecoin: A Surge in Active Addresses—What’s Next?

Dogecoin’s network activity has exploded, with active addresses surging 528% to 469,477 within 24 hours. The spike coincides with the SEC’s review of four Dogecoin ETF applications, sparking speculation about the meme coin’s next price movement.

Open interest in DOGE futures jumped 70% to $1.65 billion, reflecting heightened trader anticipation. Technical analysts suggest a breakout above $0.24 could propel DOGE toward $0.40, though regulatory decisions remain the critical catalyst.

Dogecoin Network Surges After ETF Filing – Will Price Rally Next?

The U.S. Securities and Exchange Commission has acknowledged Nasdaq’s filing for the 21Shares US dogecoin ETF, initiating a formal review process. Regulatory approval could mark a watershed moment for crypto-based exchange-traded products.

Dogecoin futures open interest skyrocketed 70% to $1.65 billion, reflecting heightened speculative activity. The meme cryptocurrency currently trades at $0.2343 with a $34.98 billion market capitalization.

Technical analysts suggest a daily close above $0.25 could trigger the next leg upward. Market participants await the SEC’s decision with anticipation, as institutional adoption hinges on regulatory clarity.