Dogecoin’s MACD Crossover: Could $1 Be Next?
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Dogecoin has experienced a significant surge, exceeding 33% this week, fueled by renewed bullish sentiment among traders. This rally coincides with a bullish MACD (Moving Average Convergence Divergence) crossover on the weekly timeframe, a technical indicator that has historically preceded substantial price increases for Dogecoin since late 2023. Analysis by Trader Tardigrade reveals that previous MACD crossovers have resulted in impressive rallies: a 285% surge in October 2023 and a 460% increase in September 2024. These rallies followed periods of correction, similar to the situation Dogecoin faced since March 2025. The current price structure resembles the pattern preceding these previous rallies, suggesting a potential for another significant upward trend. The analyst's chart projects a trajectory towards $1 by mid-year, implying a 335% increase from the current price of approximately $0.23. This $1 target aligns with a long-term ascending resistance trendline. While the MACD crossover provides bullish momentum, reaching $1 remains speculative and depends on market conditions and sentiment. The overall positive crypto market sentiment, bolstered by Bitcoin's recent surge above $100,000, further supports the possibility of Dogecoin's continued upward trajectory. However, investors should remain cautious and consider the inherent risks associated with cryptocurrency investments before making any decisions.
(Source: https://www.newsbtc.com/altcoin/dogecoin-undergoes-macd-crossover-is-the-1-milestone-within-reach/)
