ChainCatcher news, the number of open contracts in the Dogecoin (DOGE) futures market has reached a new high, hitting 10.35 billion DOGE, surpassing the previous peak. This indicates an influx of new capital into the market, which may drive price volatility 📈.

Historical data shows that January is the best-performing month for DOGE, with an average return of 85%. Technical indicators show that DOGE's 50-day Simple Moving Average (SMA) has broken out, indicating a bullish trend. Analysts predict a short-term target price of 50 cents, with some major players optimistic about reaching a target of 1 dollar by 2025 💰.

Additionally, there has been a surge in whale trading volume exceeding 100,000 dollars, further indicating rising demand. However, it's important to note that trading volume is still below the peak levels of 2021, and investors should be cautious in responding to the current resistance level of 40 cents ⚠️.