Crypto News
Dogecoin active addresses have surged to nearly 50,000 since early July, according to Glassnode data flagged by analyst Ali Martinez on X, hitting a multi-month high while DOGE price action has stayed muted. Martinez called the divergence "something is brewing," pointing to the jump alongside a TD Sequential buy signal spotted a day earlier.
DOGE is trading near $0.076, holding the $0.075-$0.077 zone after several sessions of choppy action. TradingView's summary now leans bullish on momentum, with the MACD flashing a Buy signal, but volume remains light compared with previous rallies and futures open interest is relatively muted. Traders are not rushing into leveraged bets yet.
Why it matters
Active addresses climbing while price stays flat is the classic divergence setup: the chain speaks first, and the chart tends to follow. Martinez has framed the move as a potential momentum shift, but the lack of volume confirmation means the signal could easily fizzle. Bitcoin's direction remains the swing variable, since DOGE typically follows BTC, and any breakdown below $0.075 could drag it toward $0.070-$0.072.
Market impact
The first technical hurdle sits around $0.081, with stronger resistance near $0.09 and the next watch zone around $0.10 if buyers show up with real volume. Until then, long-term holders appear patient while short-term traders rotate in and out of the range. A clean break above $0.081 on rising volume would be the trigger; absent that, DOGE risks grinding sideways for another stretch.
Frequently asked questions
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Why is Dogecoin active addresses data important right now?
Active addresses on Dogecoin surged to nearly 50,000 since early July according to Glassnode, a multi-month high flagged by analyst Ali Martinez. The jump came while DOGE price stayed muted, a divergence that often signals the chain is leading the chart.
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What is Dogecoin's current price and key technical levels?
DOGE is trading near $0.076, holding the $0.075-$0.077 support zone. The first resistance sits around $0.081, followed by stronger resistance near $0.09 and a watch zone around $0.10. A break below $0.075 opens the door to $0.070-$0.072.
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What technical signals are pointing bullish for DOGE?
Analyst Ali Martinez spotted a TD Sequential buy signal, and TradingView's summary shows the MACD flashing a Buy signal. Both lean bullish on momentum, though the setup still needs volume confirmation to follow through.
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How does Bitcoin affect Dogecoin's price outlook here?
DOGE typically follows Bitcoin's lead, and the piece notes that if BTC keeps pushing higher, DOGE could break out of its range. If BTC loses steam, DOGE may stay stuck despite the spike in network activity.
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Why are traders cautious despite the bullish signals?
Volume remains light versus previous rallies and futures open interest is muted, showing traders are not rushing into leveraged bets. Without real volume confirmation, the setup could fizzle as quickly as it appeared.
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