Dogecoin has seen a remarkable increase in active addresses, surging by 528% to reach 469,477. This spike in network activity is attributed to the U.S. Securities and Exchange Commission's acknowledgment of 21Shares' spot DOGE ETF filing. Alongside this, DOGE futures open interest rose by 70% to $1.65 billion, indicating strong speculative interest despite recent price pullbacks. This decoupling between futures open interest and price may suggest impending volatility. Furthermore, the spot-buyer demand remains strong, with aggressive buying habits dominating the market. Analysts suggest DOGE could reach key price targets of $0.40 to $0.42 if it breaks resistance around $0.24. The positive sentiment among long-term holders also points to potential upward momentum in DOGE's price as the market dynamics appear favorable for a price run.

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