Dogecoin Eyes $0.48 Rally as Historic MACD Bullish Signal Triggers
Even though Dogecoin (DOGE) has dropped 12% in the last 24 hours, it is still above the $0.23 support level. Technical analysts are looking
Quick overview
- Dogecoin has dropped 12% in the last 24 hours but remains above the $0.23 support level.
- Technical analysts are optimistic, predicting potential price targets between $0.48 and $1.00 due to bullish indicators.
- Institutional adoption, highlighted by Bit Origin's $10 million DOGE purchase, adds fundamental support to the cryptocurrency's growth.
- Long-term forecasts suggest Dogecoin could reach $1.10 by the end of 2025, driven by positive market sentiment and technical signals.
Even though Dogecoin DOGE/USD has dropped 12% in the last 24 hours, it is still above the $0.23 support level. Technical analysts, on the other hand, are looking at historically important indications that imply the popular memecoin could be ready to make big gains in the next few weeks, with price targets between $0.48 and $1.00.
MACD Bullish Cross Points to Potential 270-340% Rally
The appearance of a bullish cross on the weekly Moving Average Convergence Divergence (MACD) indicator is the most interesting technical move for Dogecoin investors. This identical signal has come before huge DOGE rallies in the past, with gains ranging from 270% to 340% in previous cases.
The MACD line crossed above the signal line on the weekly chart, which is a positive sign for traders who use the MACD indicator to figure out how strong a trend is and how fast it is moving. The past reveals that similar crossovers caused DOGE to rise by 273% in Q4 2023 and by 343% in Q4 2024.
Cas Abbé, a well-known expert, said on social media that “DOGE weekly MACD bullish cross has happened.” He also said that “so far, DOGE has pumped 30% after the golden cross, which means bigger moves are yet to come.” Mikybull Crypto, another expert, stressed the importance by saying, “The last time it happened, the price went crazy.”
Double Bottom Formation Suggests $0.48 Target
A double-bottom pattern on Dogecoin’s chart shows that it might be ready to break out of its recent consolidation period, according to technical analysts. This pattern, along with DOGE’s breakout from a multi-month downtrend, suggests that the bullish view is getting stronger, with upside goals at $0.478, which is over 90% higher than where it is now.
The way the chart is set up shows that once Dogecoin finds strong support above important levels, the chances of a big price rise go up a lot. Analyst CipherX said that fair gap value (FGV) levels around $0.20 and $0.22 have been giving solid support for the current price action.
Institutional Adoption Provides Fundamental Support
Institutional use is helping Dogecoin grow in addition to technical signs. Bit Origin, a company that builds infrastructure for Bitcoin mining, recently added $10 million worth of DOGE tokens to its treasury. The company said it did this because the cryptocurrency may be used for micropayments and because developers are starting to work on it again.
Bit Origin CEO Jinghai Jiang said that the choice was based on their experience with mining: “We know the trade-offs that come with proof-of-work systems.” We think that Dogecoin’s usefulness for small payments is about to reach a tipping point because developers are starting to work on it again and more institutions are interested in tokenization.
This institutional support gives Dogecoin’s price movement a solid foundation, along with the technical signs that point to greater prices in the future.
Dogecoin Price Predictions Point to August Surge
CoinCodex says that by July 31, 2025, Dogecoin is likely to actively look for the $0.25 price mark. The projections become better for mid-August, when the token is expected to rise and hit a new price top of $0.31, which is a 16.71% gain from where it is now.
The research says that the mood is still positive and that technical signs point to an upward trend. The Fear & Greed Index is at 72 (Greed), and Dogecoin has had 20 out of 30 green days (67%) with a price change of 16.92% during the past month.
Longer-Term Outlook Remains Optimistic
Several observers still think that Dogecoin will do well in the long run. CipherX says that if present support levels hold, prices could rise to between $0.48 and $0.50. They say, “as long as this FVG holds, momentum looks bullish and continuation is on the table.”
Some on-chain and technical signs point to even bigger goals. Reports say that a DOGE rise to $1.10 could happen by the end of 2025. These predictions are based on past trends, how institutions are starting to use the cryptocurrency, and where it fits into the recovery of the altcoin market as a whole.
The cryptocurrency index is rising to 53, and it looks like more investors are interested in Dogecoin, which is helping its technical setup. The recent 12% drop in value every day could worry short-term traders, but a combination of optimistic technical indications, institutional adoption, and historical precedence shows that Dogecoin might be getting ready for its next big upward surge.
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