Dogecoin News Today: Dogecoin MACD signals bullish crossover driving 30% rally with 90% target

Dogecoin (DOGE) has reignited investor attention as its Moving Average Convergence Divergence (MACD) indicator signals a bullish crossover, a pattern historically linked to substantial price surges. Historical data reveals DOGE’s price surged between 270% and 340% following similar MACD signals in prior periods, with the most notable example occurring in late 2024 when the asset jumped over 330% within weeks of the crossover [1]. This July, a comparable fractal has emerged, suggesting a potential breakout could materialize in the coming days or weeks. The MACD, a momentum indicator used in technical analysis, gained a “bullish cross” on the weekly chart, drawing attention from traders and analysts. Popular analyst Cas Abbé noted on X that the golden cross—a broader trendline breakout—has already driven a 30% rally in DOGE’s price, indicating further gains may follow [2]. Mikybull Crypto echoed the pattern’s historical significance, remarking that the prior signal led to a “nonsensical” price spike [1].

Technical analysis reinforces the bullish case. A double-bottom formation on the daily chart, following a multi-month downtrend, suggests DOGE has regained strength. Analysts project a target of $0.478, representing a 90% increase from current levels [1]. CipherX, another prominent analyst, highlighted robust support around $0.20–$0.22, a fair value gap (FVG) level recently reclaimed by DOGE. If this support holds, the asset could test $0.48–$0.50, with CipherX stating, “As long as this FVG holds, momentum looks bullish and continuation is on the table” [1]. Broader on-chain metrics also align with a potential rally, with reports suggesting DOGE could reach $1.10 by the end of 2025 [1]. However, these projections depend on maintaining key support levels and sustained buying pressure. The current price must decisively break above critical resistance to confirm the bullish case, as any failure to hold above these levels could trigger a retracement.

Analysts caution that while the MACD signal and chart patterns present a compelling case for optimism, the cryptocurrency market’s volatility means even historically reliable indicators cannot guarantee outcomes. One analyst emphasized, “Every investment and trading move involves risk,” a reminder that market dynamics can shift rapidly [1]. The recent surge in DOGE follows similar historical patterns, but traders are urged to conduct independent research before making decisions.

Sources:

[1] [DOGE price gained 340% the last time this indicator turned bullish](https://cointelegraph.com/news/doge-price-gained-340-the-last-time-this-indicator-bullish)

[2] [DOGEUSD - DOGE price gained 340% the last time ...](https://mx.advfn.com/bolsa-de-valores/COIN/DOGEUSD/crypto-news/96483455/doge-price-gained-340-the-last-time-this-indicato)