Fun

Dogecoin Undergoes MACD Crossover: Is The $1 Milestone Within Reach?

News Feed - 2025-05-12 12:05:35

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español.


After trading in a relatively quiet range for much of April, Dogecoin has started May on a good note.The meme coin has surged over 33% this week, pushing above the $0.22 level due to a new wave of bullish momentum among retail and institutional traders.


Amid this recovery, technical indicators are flashing a familiar signal that has led to massive price increases for Dogecoin since 2024. The latest analysis from popular crypto chartist Trader Tardigrade has brought attention to a possible inflection point: a bullish MACD crossover on the weekly timeframe. Related Reading Bitcoin’s Grip Loosens: Market Expert Says Dominance Has Hit Its Ceiling 2 days ago MACD Signal Returns, Points To Explosive Upside For Dogecoin


Due to its performance since October 2023, the MACD (Moving Average Convergence Divergence) indicator has become a valuable tool for spotting momentum shifts in Dogecoin’s price cycles. It is now flashing bullish once again. The crossover, where the MACD line crosses above the signal line, has coincided with the beginning of powerful uptrends since the current cycle began in Q4 2023. 


According to Trader Tardigrade’s chart, the last two confirmed MACD crossovers on the weekly timeframe led to rallies from $0.06 to $0.23 and from $0.086 to $0.48, respectively. Each of these rallies followed a period of deep corrections, conditions similar to what Dogecoin has witnessed since March 2025.


The first MACD crossover in this cycle was in October 2023, which resulted in a 285% rally. The second MACD crossover was in September 2024, which led to an even biggerrally of about 460%, during which Dogecoin surged to multi-year highs of $0.48.


The chart also reveals that these MACD crossovers occurred after a rounded bottom pattern. The current price structure looks like that setup, with a higher low rounded bottom and the blue MACD line about to cross to the upside of the orange line. DOGE is currently trading at $0.23. Chart: TradingView


This lends strong credence to the notion that Dogecoin could be on the cusp of another rally,particularly as the overall crypto market sentiment is now positive following Bitcoin’s break above $100,000 again.


Image From X: Trader Tardigrade Eyes On $1: Can MACD Rally Repeat One More Time?


Now that the MACD crossover is almost underway, the obvious question is whether this can cause Dogecoin to finally reach the elusive $1 mark. 


The projected $1 target lies on a long-term ascending resistance trendline that guided the $0.23 and $0.48 tops this cycle. If the pattern holds, and Dogecoin’s MACD crossover plays out as it has in the past, the meme coin might be currently at the start of a third impulsive move. The analyst’s chart draws a projected trajectory that extends toward $1 by mid-year,following a path similar to the other rallies.  Related Reading Taiwan Official Proposes Bitcoin As Part Of National Reserve Strategy 1 day ago


Achieving the $1 target would require a price surge of about 335% from current levels around $0.23. At the time of writing, Dogecoin is trading at $0.2335, up by 3.4% in the past 24 hours and an intraday high of $0.2569.


Featured image from Unsplash, chart from TradingView

News Feed

Bitcoin Price Could Rally To $110,000 ATH As These Macroeconomic Factors Align
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Bitcoin, Ethereum Technical Analysis: BTC Surge Stalls at Key Resistance Level
Bitcoin, Ethereum Technical Analysis: BTC Surge Stalls at Key Resistance Level Following Tuesday’s price surge, bitcoin was trading lower during today’s session, as m
Indian Police Seize $3 Million in Bitcoin from Sh**ty Bitconnect Scammers
Property worth over Rs 38 Crore ($5.5 million) has been seized in the Indian state of Gujarati from promoters of the Bitconnect cryptocurrency scam. According to the Times of India, the property includes 280 Bitcoins whi
Ray Salmond1 hour agoBitcoin miners double down on efficiency and renewable energy at the World Digital Mining SummitBitmain rolled out its efficiency-focused Antminer S21 at the WDMS and Bitcoin miners shared their plan
What is Kelly criterion betting, and how to use it in crypto trading?
Onkar Singh9 hours agoWhat is Kelly criterion betting, and how to use it in crypto trading?Discover how the Kelly criterion betting strategy can enhance your crypto trading performance by optimizing risk management and m
Cardano Price Shows Signs Of Recovery — Is A Return To $1 Inevitable?
Este artículo también está disponible en español. The altcoin market was on a red-hot streak the previous week, with large-cap assets like Cardano, Solana, and Dogecoin p
Bitcoin Energy Consumption Is Far More Efficient and Greener Than Today’s Banking System
Bitcoin Energy Consumption Is Far More Efficient and Greener Than Today"s Banking System While bitcoin and a variety of digital currencies have swelled in value,
ZOGI Token Launches on Cronos, BNB Chain and Ethereum With Revolutionary Wrapper
ZOGI Token Launches on Cronos, BNB Chain and Ethereum With Revolutionary Wrapper sponsored Dubai, December 9th– Zogi Labs, a pioneering crypto company & gaming studio famousl
SEC doesn’t want Ethereum to transform banking landscape, says Joseph Lubin
Gareth Jenkinson9 hours agoSEC doesn’t want Ethereum to transform banking landscape, says Joseph LubinEthereum co-founder Joseph Lubin says the SEC is engaging in strategic enforcement action instead of meaningful disc
Turner Wright5 hours agoProsecutors will still consider Sam Bankman-Fried’s alleged campaign finance scheme at trialRather than reinstating a count on campaign finance violations to SBF’s indictment, the Justice Depa
Cardano Slips to 5th-Largest Crypto Market Position — ADA Down 30% Since All-Time High Last Month
Cardano Slips to 5th-Largest Crypto Market Position — ADA Down 30% Since All-Time High Last Month During the second week of October, bitcoin market values have maintained prices
Russia’s Central Bank Slashes Benchmark Rate, Pegs RUB to Gold — Ruble Rebounds to Pre-War Levels
Russia"s Central Bank Slashes Benchmark Rate, Pegs RUB to Gold — Ruble Rebounds to Pre-War Levels Amid the Ukraine-Russia conflict, the Russian ruble has managed to rebound despi