Dogecoin’s active addresses have doubled from 16,400 to 34,600, indicating expanding network and increasing investor confidence.
Analyst Ali Martinez predicts a potential surge in Dogecoin (DOGE) to $0.5 and then reaching $3, supported by historical data and the stock RSI.
Another analyst points out that DOGE tends to form an initial low when the RSI enters the oversold territory, suggesting a potential explosive surge if history repeats.
Whales are aggressively accumulating DOGE, with 1.7 billion DOGE ($298 million) purchased in 72 hours, ahead of the potential approval of the DOGE Exchange Traded Fund (ETF).