Dogecoin Network Activity Surges to 71,400, Price Remains in Descending Channel

Dogecoin (DOGE) network activity has surged to 71,400, indicating renewed interest from traders and casual users. However, the price remains trapped in a descending channel and the broader market remains uncertain. Traders are watching to see if growing participation can translate into sustained demand or if DOGE will stay confined by ongoing market pressures. Negative funding rates and crowded longs create fragile conditions for DOGE's next move.