Key takeaways:
DOGE price previously rallied 340% from a bullish cross that’s again in play.
A double bottom breakout hints at a Dogecoin price rally to $0.48.
Bullish analysts expect breakouts toward $0.50–$1.
Dogecoin’s (DOGE) moving average convergence divergence (MACD) indicator flashed a bullish signal in late 2024, before DOGE’s price rose by over 330% within a few weeks.
A similar fractal is now playing out in July, raising the probability of a breakout in the coming days or weeks.
Past DOGE rallies were between 270% and 340%
The MACD indicator, or Moving Average Convergence Divergence, is a popular momentum indicator used in technical analysis that helps traders identify the strength, direction, and duration of a trend of an asset’s price.
The indicator has produced a “bullish cross” on the weekly chart, as shown in the figure below.
Related: Price predictions 7/22: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE
Previous instances show that DOGE tends to rise sharply when the MACD line (blue) crosses above the signal line (orange). The memecoin’s gains have come 273% in Q4/2023 and 343% in Q4/2024.
“$DOGE weekly MACD bullish cross has happened,” said popular analyst Cas Abbé in an X post on Wednesday, adding:
“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,” said fellow analyst Mikybull Crypto.
DOGE’s chart structure implies a higher probability of upside once a decisive breakout happens above key levels.
DOGE price must establish key support
A double-bottom pattern on the chart after DOGE’s breakout from a multimonth downtrend points to a strengthening bullish outlook, with the upside targets sitting around $0.478, or 90% from the current price levels.
Analyst CipherX is optimistic of much higher gains ahead, citing strong support from the fair gap value (FGV) around $0.20 and $0.22.
“After sweeping the lower FVG, DOGE price reclaimed support and is now pushing up aggressively,” the analyst said in an X post on Wednesday.
CipherX was referring to the FVG formed during DOGE’s vertical move earlier last week.
Historically, such a gap formed during an uptrend can act as a support level if the price retraces back to it.
The analyst projects a rise toward $0.48-$0.50 if the support holds.
“The main liquidity target sits at $0.48–$0.50,” they said, adding:
“As long as this FVG holds, momentum looks bullish and continuation is on the table.”
As Cointelegraph reported, multiple onchain and technical indicators suggest a DOGE rally to $1.1 is possible before the end of 2025.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
