DOGE’s Bullish MACD Crossover Fuels $1 Price Speculation as Weekly Rally Hits 33%

Dogecoin (DOGE) has surged 33% this week, breaking past $0.22 and reigniting bullish sentiment among retail and institutional traders. A weekly MACD crossover, historically a precursor to explosive rallies, has analysts speculating a potential run toward $1. Here’s a detailed breakdown of the latest developments and technical indicators driving DOGE’s momentum.

Dogecoin MACD Crossover Sparks $1 Speculation Amid 33% Weekly Rally

Dogecoin’s 33% surge this week has reignited bullish sentiment, with the meme coin breaking past $0.22 as retail and institutional traders pile in. The MOVE follows months of sideways action in April, with technical indicators now flashing their most compelling buy signal since 2024.

A weekly MACD crossover - historically preceding Dogecoin’s most explosive rallies - has been identified by analyst Trader Tardigrade. The Moving Average Convergence Divergence indicator previously marked turning points in October 2023, suggesting the current breakout may have staying power. Market participants are now speculating whether this technical development could propel Doge toward the psychologically significant $1 threshold.

Dogecoin Surges 46% as Whales Accumulate $140M in DOGE

Dogecoin’s price skyrocketed 46% between May 8-10, breaking through a two-month trading range with a high of $0.25 before settling at $0.233. The rally coincided with whale addresses accumulating 600 million DOGE worth $140 million, signaling strong institutional interest.

Technical analysis shows DOGE maintains a bullish structure despite a 7% pullback from local highs. Market observers note the memecoin’s ability to hold above key support levels suggests potential for further upside, though short-term retracements remain possible.

The breakout reinforces growing confidence in Dogecoin’s market position, with trading volume patterns mirroring previous bull cycles. Analysts highlight the $0.142 support level as critical for maintaining the current upward trajectory.

Analyst Flags Dogecoin for Potential Breakout Amid Market Lull

Dogecoin (DOGE), the meme-inspired cryptocurrency, may be primed for a significant price movement despite its recent absence from market chatter. Trading NEAR $0.22, the asset shows contrarian bullish signals as social media attention wanes—a historical precursor to volatile rallies.

Market analyst Cryptohossel notes DOGE’s technical setup resembles past breakout patterns, with subdued sentiment often preceding sharp upward moves. The lack of X (formerly Twitter) discussion around the coin contrasts with its typical retail-driven momentum cycles.