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After trading in a relatively quiet range for most of April, Dogecoin owns The beginning of May is very good. Meme coins surged more than 33% this week, pushing above the $0.22 level as new bullish momentum for retail and institutional traders.
In this recovery, technical indicators are flashing a familiar signal that Dogecoin’s price has risen sharply since 2024. The latest analysis from the popular Crypto Chartist Trader Tardigrade has attracted attention to possible inflection points: bullish MACD crossovers over the weekly timeframe.
Related Readings
The MACD signal returns, pointing to the explosive rise space of Dogecoin
Due to performance since October 2023, the MACD (Moving Average Convergence Difference) indicator has become a valuable tool for discovering the momentum shift in Dogecoin prices. Now it flashes bullish again. Since the current cycle began in Q4 2023, the crossover line across the signal line of the MACD line coincides with the beginning of a strong upward trend.
according to Trader Tardigrade ChartThe last two confirmed MACDs in the weekly time frame MACD crossover resulted in rallying from $0.06 to $0.23, from $0.086 to $0.48, respectively. Each of these rally follows a profound correction, similar to the conditions Dogecoin has witnessed since March 2025.
The first MACD crossover in the cycle was in October 2023, resulting in a 285% rally. The second MACD crossover was in September 2024, resulting in Bigger About 460% of the rally, during which time domycin soared to a multi-year high of $0.48.
The chart also shows that these MACD crossovers occur after the circular bottom pattern. The current price structure looks like this setting, with the lower low rounded bottom and blue MACD lines coming over the upside space of the orange lines.
This has a strong trust in the concept that Dogecoin may appear. Another rally Especially the overall Crypto market sentiment is now positive After the Bitcoin interruption, it is once again exceeded $100,000.
image From X: Trader Tardigrade
$1: Can MACD Rally be repeated again?
Now that MACD crossover is almost in progress, the obvious question is whether this will lead to Dogecoin Finally hit the elusive $1 mark.
The expected $1 target is a long-term upward resistance trend line that guides the $0.23 and $0.48 cycles. If the pattern holds true and Dogecoin’s MacD crossover works as it did in the past, the Meme coin may be the beginning of a third impulse action at the moment. Analyst’s chart draws an expected trajectory Extend $1 by mid-year, Follow a path similar to other gatherings.
Related Readings
The price achieving the $1 target will require a price increase of about $0.23 from the current level, which is about 335%. At the time of writing, Dogecoin is trading at $0.2335, up 3.4% over the past 24 hours, with an intraday high of $0.2569.
Featured images from Unsplash, charts for TradingView
