<ul><li>Dogecoin (DOGE) has witnessed a significant 15x spike in active addresses, indicating heightened user interest or large-scale distribution events.</li><li>Traders on Binance are stacking 3-to-1 long bets on DOGE, signaling anticipation of a potential rally, which could lead to sharp liquidations if the bullish momentum falters.</li><li>Despite the surge in on-chain activity and bullish sentiments among traders, DOGE's price struggled to break past $0.24 and has retreated to around $0.22 at the moment.</li><li>The on-chain frenzy and increased speculative interest have not yet translated into sustained price action, with DOGE currently consolidating and facing resistance around the upper Bollinger Band.</li></ul>

Dogecoin active addresses spike 15x, but why isn’t DOGE responding?

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