Dogecoin active addresses surge by 528% — Will DOGE price follow?

Quick Summary:

This news fueled market optimism, leading to a rise in the memecoin’s network activity. Adding to the momentum, Glassnode reported that DOGE futures open interest rose 70% over the past week, climbing from $989 million to $1.65 billion, despite a price pullback from recent highs.

A breakout above this resistance could propel DOGE to $0.40, signaling healthy upward momentum. Dogecoin analysis by Trader Tardigrade.Source: X.comMeanwhile, Dogecoin proponent Kriss Pax highlighted an inverse head-and-shoulders pattern on the 1-day chart, suggesting a potential surge to $0.42 with the pattern reflecting a bullish breakout.

With the network’s activity booming, speculative interest rising, and spot buyers dominating, Dogecoin’s market dynamics are setting the stage for a potential price run to its range highs.

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Article Details

Author / Journalist: Cointelegraph by Biraajmaan Tamuly

Category: Crypto

Markets: United States

Topics: Interest Surge Addresses Potential Active Dogecoin Price Doge Filing 528% Spot

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-14 @ 23:50:24 (1 days ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 444 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 28720542

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About Coin Telegraph

Main Topics: Crypto

Official Website: cointelegraph.com

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Year Established: 2013

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

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Publisher ID: #11

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