DOGE Technical Rally Indicators Point to Potential $0.48 High
Key takeaways:
- DOGE’s price previously rallied 340% following a bullish MACD cross, a pattern now recurring.
- A double bottom breakout signals a potential Dogecoin price rally targeting $0.48.
- Bullish analysts predict breakouts toward $0.50-$1.00.
Bullish Technical Signals Resurface
Dogecoin’s (DOGE) Moving Average Convergence Divergence (MACD) indicator flashed a bullish signal in late 2024, preceding a subsequent price rise exceeding 330% over several weeks.
A similar fractal pattern is re-emerging in July, suggesting a potential breakout in the coming weeks.
Historical instances confirm DOGE often experiences sharp increases following a MACD bullish cross, where the blue MACD line crosses above the orange signal line. Major prior rallies occurred at 273% (Q4/2023) and 343% (Q4/2024).
“$DOGE weekly MACD bullish cross has happened. So far, DOGE has pumped 30% after the golden cross, which means bigger moves are yet to come.”
“The previous time it happened, the price went nuts.”
Chart Structure Suggests Continued Upside
DOGE’s chart structure, implying a double bottom breakout after a multi-month downtrend, points to strengthening bullishness with upside targets near $0.478 (90% from current levels).
Analyst CipherX noted aggressive price action following consolidation near the Fair Gap Value (FGV) support zones around $0.20-$0.22.
“After sweeping the lower FVG, DOGE price reclaimed support and is now pushing up aggressively. As long as this FVG holds, momentum looks bullish and continuation is on the table.”
CipherX identified $0.48-$0.50 as a key liquidity target if the support holds.
Furthermore, multiple on-chain and technical indicators suggest a potential rally to $1.10 before the year’s end.
[Image Placeholder: DOGE/USD daily chart showing double bottom breakout]
