Main takeout:
Dogecoin’s active address has soared from 528%to 469,477.
Doge’s gift interest is $ 16.5 billion, up 70%, indicating strong speculation interest.
On May 13, Dogecoin (DOGE) increased its activity address by 528%, rapidly increasing from 74,640 to 469,477, signing strong network activities and raising investors’ interest. This surge was approved by the US Securities and Exchange Commission (SEC) following the update of 21Shares submission to SPOT Dogecoin ETF. Financial service firms confirmed the development of X on May 14.
This submission, which aims to track the price of Doge, is consistent with similar efforts to suggest potential alcohol adoption and similar efforts of gray scale. This news has caused market optimism, increasing Memecoin’s network activity.
GlassNode has reported that Doge Future Open Interest increased 70% over the past week, rising from $ 990 million to $ 16.5 billion despite the recent drop in prices. The separation of open profit and price suggests continuous dumping positions.
DOGE also reported strong spot buyers, and COINTELEGRAPH reported that Doge’s SPOT TAKER 90 -day cumulative volume delta (CVD) reflects more aggressive purchases than in early March.
The pattern was ahead of 385% rally before 385% in the fourth quarter of 2024, compared to 385% rally, and the long -term net owner (NUPL) of the long -term holder (at least 155 days) surpassed 0.5, indicating an optimistic “belief” feeling.
Dogecoin’s market epidemiology has set up a rapid increase in the activity of the network, increasing the speculative interest, and dominating the buyer.
Related: Price prediction 5/14: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, Sui, Link, Avax
Dogecoin is aimed at $ 0.40
The crypto analyst, Tardigrade, pointed out that Doge has reached a major resistance level of about $ 0.24 and has been expected to integrate for the next few days. The ride on this resistance is to promote the Doge to $ 0.40 to signal a healthy upward exercise.
Meanwhile, Kris Pax, a supporter of Dogecoin, emphasized the reverse head and shoulder pattern on the chart, which suggested potential surge at $ 0.42, reflecting the optimistic brake out. The merchant
“I’m trapped from $ 0.22 to $ 0.25. I will have a deep purchase opportunity. Some will swing.
Related: Bitcoin Bulls aims to be a new all -time high as capital inflows are soaring next week.
This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.