Dogecoin Sees Activity Surge Can Price Keep Up?

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Dogecoin s on-chain activity has surged, with active addresses jumping 36 to over 71,400 in the past week. This signals renewed interest in the network, even as the broader market remains uncertain. Historically, such spikes often appear near key turning points either before consolidation or major moves making traders watch closely for what comes next.
Despite rising activity, DOGE s price remains under pressure. It continues to trade inside a descending channel, slipping below 0.117 and testing the 0.108 zone before stabilizing above 0.10. Sellers still control the structure, while resistance near 0.156 and 0.20 limits recovery. RSI near 35 shows slowing selling pressure, but momentum has yet to turn bullish. For now, DOGE looks stuck in consolidation rather than reversal.
Derivatives data adds more risk. Top traders are heavily positioned long, with about 75 favoring upside and a Long Short ratio near 3.0. Meanwhile, funding rates have turned slightly negative, signaling strain in leveraged positions. This combination raises liquidation risks if price weakens further. DOGE now sits at a crossroads: either growing network activity supports a rebound, or leverage unwinds and triggers volatility. The next move may depend more on real demand than hype.