Dogecoin Skyrocketed 340% Last Time – MACD Bullish Flip Hints Another Rocket Ride

Jakarta, Pintu News – Dogecoin’s (DOGE) MACD (Moving Average Convergence Divergence) indicator gave a bullish signal at the end of 2024, which was then followed by a DOGE price surge of more than 330% in just a few weeks.

The pattern now appears to be repeating itself in July, raising the possibility of a breakout in the coming days or weeks.

Weekly MACD Signal Re-activates Bullish Scenario

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The MACD (Moving Average Convergence Divergence) indicator – a popular tool in technical analysis that helps traders gauge the strength, direction, and duration of price trends – is again giving positive signals for Dogecoin.

In the latest weekly chart, the MACD shows a “bullish cross”, where the MACD line (blue) crosses above the signal line (orange). This pattern had previously triggered a huge rally in DOGE:

• Q4 2023: DOGE price jumps 273%
• Q4 2024: The rally is even bigger, reaching 343%

According to popular analyst Cas Abbé on platform X, “$DOGE’s weekly MACD bullish cross is already happening.”

He added, “DOGE is already up 30% since the golden cross – meaning a bigger move is likely to follow.”

Another analyst, Mikybull Crypto, also asserted, “The last time this happened, the price literally exploded.”

Technically, the current chart structure of DOGE suggests a high chance of an upside, especially if the price is able to convincingly break the key resistance level.

DOGE Price Needs to Solidify Key Support to Resume Uptrend

After breaking out of the long-term downtrend, the DOGE chart is now showing a double bottom pattern – a technical signal that reinforces the bullish outlook. The next upside target is expected to be around $0.478, or about 90% above the current price.

CipherX analyst is optimistic that DOGE still has much more rally potential. He highlighted the strong support in the fair gap value (FGV) zone around $0.20-$0.22.

“After sweeping the bottom FVG, DOGE price managed to reclaim support and is now starting to move up aggressively,” CipherX said in a post on X, referring to the FVG formed during DOGE’s vertical spike last week.

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Historically, the FVG formed during an uptrend can serve as strong support if the price retracements back to that zone.

CipherX expects DOGE to rise towards $0.48-$0.50, provided the FVG level holds.

“Key liquidity targets are at $0.48-$0.50. As long as this FVG is not broken to the downside, momentum remains bullish and the potential for rally continuation is still open.”

According to a report by Cointelegraph, various technical and on-chain indicators show that DOGE has a chance to reach $1.10 before the end of 2025, if the market structure continues to support the current trend.

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Cointelegraph. DOGE price gained 340% the last time this indicator turned bullish. Accessed on July 24, 2025