Dogecoin Could Make A 26% Upside Move, Says This Analyst, Another Expert Notes Spike In Active Addresses

Dogecoin (CRYPTO: DOGE) retreated on Thursday, although a widely followed analyst highlighted a key technical indicator that might drive a 26% surge.

Dog Memecoin Gives Up Gains

The world’s largest memecoin by market capitalization slipped more than 2% over the last 24 hours, undoing some of its gains from the day before. Trading volume plunged 23%, signaling lower trader interest.

Speculative interest declined as the spot price dropped, leading to a 3.53% decrease in DOGE futures open interest over the past 24 hours, according to Coinglass.

The drop aligned with the broader market correction, with blue-chip coins like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) falling 1.37% and 1.16%, respectively, in the last 24 hours.

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