Dogecoin’s price has been surging towards a key resistance level of $0.25, driven by significant increases in user activity and bullish chart patterns. Active addresses on the network have reached over 127,570, indicating a surge in investor participation after a period of relative stability. The growth comes amidst increasing interest from investors following news of SEC’s potential approval for a DOGE spot ETF. This has been reflected in a recent price rebound from $0.16 to near $0.24 within days. 1 2 Key indicators show the momentum is building. Open Interest in futures contracts has increased by $280 million, reaching a staggering $3.03 billion – suggesting growing confidence among investors. This growth, coupled with strong bullish RSI positioning near 75 and higher lows, suggests a breakout above this key resistance level is imminent. 3 4 Analysts are particularly optimistic about the potential for Dogecoin to hit targets of $0.287 and $0.34, marking a significant upward movement in the market. 5 Several analysts have highlighted bullish chart patterns including a breakout from a long-term descending channel by crypto analyst Jonathan Carter. Another analyst, Ace of Trades, points to DOGE entering a Wyckoff markup phase with potential targets near $0.34 and higher. 6 This article appears on Crypto Front News. Visit our website for more insights about cryptocurrency, blockchain technology, and digital assets.