Dogecoin (DOGE) Price: Can Bulls Push Through the $0.36 Whale Wall? 🐕
Dogecoin has broken out of a descending channel pattern, sparking optimism among analysts about potential price targets ranging from $0.40 to $0.44. On-chain data indicates $0.36 as a crucial resistance level, where 3.8% of DOGE supply was last purchased. The surge in active addresses, up 528% to 469,477, follows the SEC's acknowledgment of 21Shares’ spot ETF filing.
Further indicative of growing interest, futures open interest in Dogecoin has risen by 70%, suggesting increased engagement from traders. This combines an optimistic outlook on Dogecoin's potential price trajectory amidst growing activity in the market.
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