DOGE active addresses surge 28% weekly, but price remains stagnant

The number of active Dogecoin (DOGE) addresses jumped by 28% this week to approximately 73,000, but the token's price has failed to gain momentum, The Crypto Basic reported. According to the outlet, on-chain data suggests growing interest in the Dogecoin network. However, this positive on-chain environment contrasts with DOGE's price, which has remained in a bearish zone. The price fell by 2.55% during the same period that active addresses increased. The analysis also noted that on its four-hour chart, DOGE appears to be trapped in a descending triangle pattern, continuing to set lower lows.