DOGE has formed a bullish pattern on its weekly chart, with traders anticipating a potential 180% upswing.
Key Insights
- 38% Price Increase: DOGE's recent 38% surge reflects strong market demand, with spot buying volume consistently leading since March.
- Bullish MACD Crossover: The Moving Average Convergence Divergence (MACD) indicator shows a bullish crossover, prompting traders to predict a 180% rise targeting $0.65 and $1.00 price levels.
DOGE’s price has mirrored Ethereum’s gains over the past week, climbing 38% in May—its strongest monthly performance this year. According to CoinGecko, DOGE recorded $4.7 billion in trading volume over the last 24 hours, ranking fifth among top cryptocurrencies (excluding stablecoins).
This memecoin’s market strength aligns with key on-chain insights. Data from CryptoQuant reveals that DOGE’s 90-day Cumulative Volume Delta (CVD)—measuring the net difference between buy and sell volumes—indicates "dominance by active buyers." This pattern last appeared in November 2024, preceding DOGE’s 385% breakout rally to $0.48 in Q4 2024.
Similarly, the Net Unrealized Profit/Loss (NUPL) metric for long-term holders (holding DOGE for ≥155 days) recently surpassed 0.5 for the first time since March 1, 2025, signaling a shift to "optimism" or "belief" sentiment. A NUPL above 0.5 suggests most holders are profitable, reducing sell pressure and enhancing price stability as they await higher returns.
These metrics underscore robust demand and active accumulation by investors, likely fueling DOGE’s recent gains.
Is DOGE Poised for Another Parabolic Rally?
Under favorable market conditions, anonymous analyst Trader Tardigrade shared a bullish outlook for the DOGE/BTC trading pair. Historical charts comparing DOGE’s previous 30,000% surge (from $0.0024 to $0.739) suggest a similar trajectory could emerge.
Historically, DOGE and Bitcoin exhibit strong correlation (~0.67 over three months per Macroaxis), meaning BTC’s movements often dictate DOGE’s path. The analyst predicts that a BTC uptrend followed by consolidation could trigger weeks of substantial gains for DOGE.
In a separate analysis, Trader Tardigrade noted DOGE’s third weekly MACD bullish crossover since 2024, with prior crossovers leading to 180% (Jan–Mar 2024) and 385% (Sep–Dec 2024) rallies.
Crypto trader Javon Marks aligned with this sentiment, projecting a near-term target of $0.65—DOGE’s highest since May 2021—with potential to reach $1+:
"$DOGE shows major strength after forming higher lows! $0.6533 could bring nearly +180% gains, with $1+ targets achievable."
FAQ Section
Q1: What drives DOGE’s current bullish momentum?
A: Strong spot buying demand, MACD bullish crossovers, and Bitcoin’s upward trend are key catalysts.
Q2: How reliable is the 180% price prediction for DOGE?
A: While technical indicators suggest potential, memecoins are highly volatile. Monitor BTC’s performance and broader market sentiment.
Q3: Should I invest in DOGE now?
A: Always conduct personal research and assess risk tolerance. Past performance doesn’t guarantee future results.
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