The DOGE price is trying to recover after spending months under pressure, and there are finally a few developments giving traders something to watch.
Network activity has picked up, developers are working on one of Dogecoin’s biggest technical upgrades yet, and lawmakers in the United States continue discussing crypto legislation that could improve the regulatory outlook for assets like DOGE. The chart still leans bearish overall, but the next few days could determine whether this bounce has room to continue.
What you'll learn 👉
News Driving Dogecoin’s Price Action
One of the biggest stories is the proposed DogeOS upgrade. Zero-knowledge proof verification is sought to be implemented using an opcode named OP_CHECKZKP. Should the proposition get approved, Dogecoin will get Layer-2 Rollups and compatibility with Ethereum Virtual Machine, allowing it to implement DeFi, gaming, and identification applications without hard fork. This way, Dogecoin will have many more application areas besides transactions..
Regulation is another area attracting attention. The proposed U.S. CLARITY Act now carries roughly a 55% chance of passing, and many investors believe it could classify Dogecoin as a digital commodity. A clearer regulatory framework would make products such as spot DOGE ETFs much easier to develop.
In addition, the Dogecoin community is questioning the inflation rate structure of Dogecoin. According to a recent proposal made on GitHub, the community should decrease block rewards from 10,000 DOGE to 1,000 DOGE. In such a way, the annual supply will be decreased to 500 million DOGE instead of 5 billion DOGE.
However, the on-chain activity of Dogecoin became better. The number of active Dogecoin addresses increased to 50,000 compared to 40,000 only days before. Moreover, the daily trading volume became equal to $978 million.
Read Also: Dogecoin Just Flashed a Rare Buy Signal: Top Analyst Says DOGE Price Could Go Wild Next
DOGE Chart Analysis
We analysed the Dogecoin daily chart, and so far, the long-term trend has not seen any changes. The DOGE price is being quoted at $0.07590, dropping by 2.27% between session lows of $0.07531 and $0.07768. This asset is also trading around 19.4% below its 100-day SMA of $0.09418, which remains the main resistance level.
However, momentum appears to be showing some improvement as well. RSI stands at 38.12 and, therefore, remains below the neutral 50 level but does not enter oversold territory. Several bullish divergences are currently visible on the RSI indicator on this chart.
While the DOGE price made new lower lows, the RSI made new higher lows, which indicates weak selling momentum. Support levels remain at $0.075, whereas the next support level will be located at $0.060, should bears take control again. Resistance levels will be located near $0.080-$0.082 and above $0.094.
What Could Trigger DOGE’s Next Move?
The next move in the DOGE price will likely depend on both technical levels and upcoming developments.
The proposed DogeOS upgrade has the potential to introduce smart-contract functionality, giving developers new reasons to build on the network. The CLARITY Act also remains worth watching because clearer regulations could improve institutional interest if Dogecoin receives commodity status.
From the chart alone, buyers need to defend the $0.075 support area and push above $0.080-$0.082 before confidence starts improving. A move through the 100-day moving average near $0.094 would provide much stronger confirmation that the recovery is becoming more than a short-lived bounce.
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