DOGE is at a crossroads: Will the MACD momentum drive the price up to $0.48?

The weekly chart of Dogecoin signals a bullish MACD crossover, historically related to strong bullish momentum. Previous occurrences have yielded significant profits, marking the setup as a technical pattern that could repeat based on trendline interactions. Weekly Structure Respects Trendline and MACD Cross The multi-month structure of Dogecoin remains intact as the price continues to follow the gradually ascending dotted trend line since the beginning of 2024. Historical breakouts occur when the price bounces off this line, forming a bullish MACD crossover. Each instance triggers notable bullish rallies, adjusting technical indicators in response to market reactions and volume expansion. After reviewing the latest candlestick structure, the technical expert from Bitcoinsensus provided further details about DOGE's behavior. This analysis confirmed the presence of a bullish MACD crossover when the blue line crosses the orange signal line. Bitcoinsensus compared this to March 2024, when DOGE surged 165%, rising from below $0.09 to $0.23.

The analyst further stated that in October 2024, the price had formed a higher low near $0.11 before rising 330% to $0.48. This move occurred after another bullish MACD crossover with stronger bars and accelerating volume. Each bullish wave began near the same support trendline, confirming its strength in the ongoing bullish structure. DOGE has recently bounced back from $0.13, matching this pattern for the third time. The MACD chart is currently turning green once again, reflecting the increasing bullish momentum. The analyst also points out a resistance channel intersecting around $0.48, adding weight to that price target. He has linked the previous bullish runs at $0.23 and prior to $0.48 with the current setup, stating that the conditions remain structurally similar. DOGE Momentum Aligns With Channel Breakout and Volume Shift Jonathan Carter presents a comparative analysis focused on the breakout of the descending channel of Dogecoin on the 3-day timeframe. He notes that this pattern has key similarities with previous continuation phases and the RSI level is rising above 70.

According to his latest observation, DOGE has surpassed the resistance level of the channel, regaining its short-term bullish structure. Jonathan has identified potential medium-term targets at $0.287, $0.340, and $0.445 based on historical reaction zones. His chart also shows that the RSI is trending upwards with increasing volume, confirming the bullish momentum. The analysis of the volume profile shows a liquidity gap between $0.270 and $0.365. This opens the door for a rapid bullish movement if the momentum holds. Carter emphasizes the importance of the current support structure, which has been maintained throughout the long-term bullish formation of Dogecoin. Both analysts refer to the significant MACD behavior, volume trends, and support zones, reinforcing the current breakout momentum across timeframes.