Dogecoin broke its weekly descending channel as rising participation strengthened its 13% rally toward $0.11259. Spot trading volume climbed 239.5% to approximately $3.48 billion in 24 hours, indicating stronger market involvement than a low-volume recovery would have provided. The derivatives market also expanded considerably, with volume surging 212.47% to $5.02 billion and open interest rising 24.01% to $1.66 billion, suggesting traders opened new positions during the rally. However, net inflows to exchanges of $5.64 million and seller-dominant futures activity could create selling pressure and limit further upside toward the key horizontal resistance level at $0.11259.
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