Dogecoin (DOGE) is showing renewed signs of life as on-chain data reveals a dramatic surge in network activity, and developers consider one of the meme coin’s most significant technical upgrades ever. According to data from Glassnode shared by analyst Ali Martinez, the number of daily active addresses on the Dogecoin network jumped from under 40,000 to nearly 50,000 at the end of June and early July. Martinez described the rapid increase as a signal that “something is brewing” for DOGE, a sentiment echoed just a day after the TD Sequential indicator flashed a rare buy signal for the asset.
While DOGE is still down about 11% over the past month, it posted a 3% weekly gain. Some traders remain cautious. Daan Crypto Trades noted that “no one really cares about this coin right now” but admitted he is watching closely if the price dips toward the long-term support around $0.05. Meanwhile, Celal Kucuker offered a far more bullish outlook, calling Dogecoin’s chart “one of the cleanest in crypto” and predicting a potential rally to a new all-time high of $1.00.
The spike in network usage comes alongside a major technical proposal. Developers are working on DogeOS, an upgrade that would introduce an opcode called OP_CHECKZKP, enabling zero-knowledge proof verification. If approved, Dogecoin could support Layer‑2 rollups and Ethereum Virtual Machine (EVM) compatibility without a hard fork. This would open the door to decentralized finance, gaming, and identity applications on the network, transforming it from a simple transaction coin into a much more versatile blockchain.
On the regulatory front, the proposed CLARITY Act in the United States now holds roughly a 55% chance of passing. Many in the Dogecoin community believe the bill could classify the token as a digital commodity, potentially smoothing the path for a spot DOGE ETF. In parallel, a GitHub proposal suggests slashing block rewards from 10,000 DOGE to 1,000 DOGE, cutting annual supply from 5 billion to 500 million coins. That discussion has reignited debate about Dogecoin’s inflationary model.
From a technical analysis perspective, DOGE is trading around $0.0759, roughly 19% below its 100‑day simple moving average near $0.094. The Relative Strength Index (RSI) sits at 38.12, still below neutral but showing bullish divergences—price made lower lows while RSI held higher lows, indicating weakening selling momentum. Immediate support lies at $0.075, with stronger support at $0.060. Resistance levels are clustered between $0.080 and $0.082, and a convincing break above the 100‑day SMA would be the strongest confirmation that a recovery has begun.
