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Dogecoin's (DOGE) Latest 40% Surge: A Sign of Recovery?

Dogecoin's whale transactions spiked 41% in 24 hours, indicating potential accumulation. However, other metrics remain bearish, suggesting DOGE's price may stay range-bound.

_Key Points_

1. _Whale Transactions_: Large transactions surged, implying accumulation and potential price reversal.
2. _Active Addresses_: Daily active addresses jumped 34%, indicating market interest and traction.
3. _Mixed Signals_: Social volume and sentiment are bearish, while MVRV suggests DOGE is undervalued.
4. _Price Range_: DOGE swings between $0.32 and $0.40, with a potential retest of the range-low.
5. _ETF Speculation_: Approval of a DOGE ETF could push the price to $15, but the market is currently uncertain.