Dogecoin News Today: Dogecoin Surges 26% Weekly on Bullish MACD Crossover as Whale Buying Boosts $0.70 Hopes

Dogecoin (DOGE) has triggered renewed investor attention following a bullish MACD crossover on the weekly chart, a technical signal historically associated with significant price surges. The MACD line crossing above the signal line—a key indicator for trend reversals—has drawn comparisons to prior instances where similar patterns preceded rallies exceeding 200% [1]. Analyst MikyBull Crypto highlights that this marks the third major MACD crossover in under two years, each of which was followed by steep price increases and technical breakouts [1]. The current setup, coupled with DOGE’s recent price action, has led some market observers to speculate on a potential move toward $0.70.

The cryptocurrency’s price has broken out of a 146-day ascending channel that had been in place since early March, with a retest near $0.26 confirming the validity of the breakout. Traders noted that the coin had maintained higher lows and tested upper bounds of the channel multiple times before the July breakout. Analysts suggest this pattern strengthens the case for a bullish continuation, as historical data shows similar breakouts have often led to multi-week rallies characterized by rising volume and trading activity [1].

Further reinforcing the technical case, DOGE has also emerged from a descending wedge pattern that spanned over three years. Formed between mid-2022 and mid-2025, this wedge constrained price movement between lower highs and a stable support level. The recent breakout has been interpreted by some as the start of what is being termed “Cycle 3,” a reference to previous episodes where wedge breakouts coincided with new price highs [1]. Price action and volume data align with this narrative, suggesting increased buyer participation and structural momentum.

Whale accumulation has added another layer of optimism. Data from @ali_charts indicates that over 310 million DOGE were purchased by large holders in the 48 hours following a brief price dip, signaling renewed interest from institutional or high-net-worth investors [1]. Despite recent corrections, the daily chart shows DOGE maintaining higher lows, a sign of sustained buying pressure. Analysts are closely watching for potential targets at $0.52 and $0.68, with some projecting a possible move toward $1 based on the breakout’s strength [1].

At press time, DOGE trades at $0.2349, reflecting an 8.76% decline in the last 24 hours but a 26% weekly gain. The 24-hour trading volume remains robust at $5.4 billion, underscoring liquidity and market depth. While the path to $0.70 remains contingent on sustained buyer participation and favorable macroeconomic conditions, the confluence of technical indicators and whale activity has positioned DOGE as a focal point for speculative bets [1].

Sources:

[1] [Bullish MACD Flash: Is DOGE Set to Hit $0.70 Next?] https://coinmarketcap.com/community/articles/68823d848583a45a07d71363/