Dogecoin Surges Amidst Market Pressure

Dogecoin's price has been trading around $0.06978 as the broader crypto market remains under pressure.

The weekly active DOGE addresses increased by 16%, reaching approximately 44,000, indicating stronger network participation and user engagement.

Trading volume fell 2.78% to $661.08 million, but open interest increased 2.19%, reaching $1.10 billion, showing that traders are holding positions amidst light market activity.

Dogecoin whales bought another 200 million DOGE via Robinhood, valued at around $14 million, indicating their confidence in the asset.