TLDR
- Dogecoin broke out of a falling channel pattern, with analysts projected potential price of $ 0.40 $ 0.44
- The data on the chain shows $ 0.36 is the next major resistance level, where 3.8% of the DOGE delivery was last purchased
- Dogece -active addresses increased 528% to 469 477 after SEC -KEKEVING OF 21SHARES SPOT ETF archiving
- Futures Open interest rate rose 70% to $ 1.65 billion in spite of price distance
- Doge currently trading around $ 0.237, up more than 37% in the last seven days
Dogecoin has experienced a strong resuscitation in the crypto market, with its price climbing steadily in the midst of growing network activity and potential ETF development. At the time of writing, Dogge is about $ 0.237, which corresponds to an impressive profit of over 37% over the past week.
Memecoin’s latest performance comes when it broke free from a falling channel pattern that had limited its price movement for months. This technical outbreak has led to optimism among traders and analysts about Doge’s prospects in the short term.
Data on the chain provides valuable insight into where Dogecoin can face challenges on its upward journey. According to analyst Ali Martinez, UTXO Price Distribution (URPD) shows that the next large level of resistance for Dogge is at about $ 0.36.
This price point is particularly important as it represents the cost base for about 3.8% of all existing Dogge tokens. In simpler terms, a significant number of investors bought last their Dogecoin at this level.
#Dogecoin $ Doge Print another bull flag …
Target: $ 0.33 🟢
The last hit his goal in a couple of days! 🔥 pic.twitter.com/oxyeitbyco
– Trader Edge (@Pro_trader_edge) May 15, 2025
From a psychological perspective, these price points can trigger specific behaviors from investors. As a cryptocurrency approaches the price level where many holders originally bought, the investors who have been waiting to break evenly can choose to sell, which creates resistance.
Network activity explodes
One of the most narrative indicators of Dogecoin’s renewed speed is the dramatic increase in network activity. On May 13, Doge witnessed an astonishing 528% increase in active addresses and jumped from 74,640 to 469 477 in a single day.
This explosion in user activity followed an important regulatory development. US Securities and Exchange Commission (SEC) recognized 21 Shares’s application for a Spot Dogecoin ETF, a step that many see as progress towards potentially mainstream adoption of memecoin.
ETF -submission news has apparently catalyzed market interest, with financial companies such as Bitwise and Grayscale, which conducts similar Dogecoin investment products. This growing institutional interest represents a potential legitimation of Dogge in addition to its MEME origin.
In addition to simple user activity, futures market data also points to growing speculative interest. According to the Glassnode data, Futures increased open interest by 70% over the past week and increased from $ 989 million to $ 1.65 billion.
What makes this metric particularly interesting is that this growth occurred despite some price increases from the latest heights. This decoupling between price and futures interest indicates that a permanent speculative positioning that can drive future price volatility.
The spot purchase pressure also has left Strong for dogecoin. Technical indicators show that Doges Spot Rakes 90-day cumulative volume Delta is currently “Kaker Buyer Dominant”, which indicates more aggressive purchase than selling since the beginning of March this year.
Technical views
From a technical analysis perspective, several designs emerge that support a positive view for Dogecoin’s price measure. Crypto analyst Jonathan Carter has identified that Dogge has officially erupted from a long-term falling channel on 3-day charts.
Before this channel, Dogecoin traded within a falling wedge pattern at the end of 2023. After erupting from that pattern, Dogge gathered to almost $ 0.45 before he started his channel -bound correction.
Now that Dogecoin has broken through the upper limit of the falling channel, analysts have identified several potential pricing goals. The immediate interests include $ 0.287 and $ 0.340, with the previous height of $ 0.445 representing a half -time target.
Another analyst using Wyckoff Market Schematic suggests that Dogge has officially left the accumulation zone and entered the selection phase in the weekly diagram. This transition between market phases often precedes maintained price movements upwards.
This view is supported by Dogecoin’s relative strength index (RSI), which has crossed over its exponential variable average (EMA). This crossover is often interpreted as a signal of growing hausse momentum in the early stages of a trend enlargement.
Support levels have also been set, with a key zone about $ 0.092 identified as a barrier that can prevent steeper price divisions if Dogecoin experiences a dragback.
At $ 0.237, Dogecoin currently sits between two important levels on the chain-one aid of $ 0.21 (where 7.5% of the DOGE delivery was last purchased) and the aforementioned resistance to $ 0.36. How the price navigates between these levels is likely to determine its medium term path.
