Dogecoin’s network activity surged this week, with active addresses jumping 176% to signal renewed retail interest. The meme cryptocurrency also broke out from a months-long descending channel, moving above $0.095. Derivatives data from CoinGlass reveals Binance top traders are heavily positioned long, while recent market activity has been dominated by short liquidations totaling over $287,000.
Dogecoin activity surged sharply this week as on-chain participation expanded rapidly across the network. Active Addresses jumped 176%, rising from 41,557 to 114,662.
Dogecoin’s price structure shifted after the token moved above the upper boundary of a multi-month descending channel. The pattern had controlled DOGE’s downtrend since late 2025.
Recent price action showed DOGE stabilizing near $0.095 after bouncing from the $0.0877 support zone. That rebound then pushed price through channel resistance.
Strong bullish positioning was evident among high-volume traders, according to CoinGlass data. Around 72.87% of top trader accounts held long positions, while shorts accounted for 27.13%.
Liquidation data highlighted rising pressure on bearish traders across derivatives markets. Recent figures recorded $287.48K in short liquidations compared with $77.48K in long liquidations.
The imbalance indicated that traders betting against DOGE struggled to maintain positions after the breakout. Even so, the total liquidation scale remained modest compared with earlier volatility spikes.
