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After exchanging a relatively quiet range for most of April, Dogecoin has May started on a good note. The meme currency increased by over 33% this week, pushing above the level of $ 0.22 due to a new broadcasting wave of upstream traders between retail and institutional traders.
In the midst of this recovery, the technical indicators have been flashing a family signal that has led to enormous increases in dogecoin prices since 2024. The last analysis of the popular trader of Crypto Chartist Tardigrade has paid attention to a possible flexion point: a Macd rallyist crossover on the weekly period.
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The MacD signal returns, aims at an explosive rise for dogecoin
Due to its performance since October 2023, the Macd indicator (convergence mobile convergence) has become a precious tool to identify the momentum changes in dogecoin price cycles. Now he is flashing up again. The crossover, in which the MacD line crosses above the signal line, coincided with the beginning of powerful trends since the current cycle began in the fourth quarter 2023.
Second Trader Tardigrade’s ChartThe last two MacD crossover confirmed on the weekly period led to $ 0.06 rallies to $ 0.23 and from $ 0.086 to $ 0.48, respectively. Each of these rallies has followed a period of profound corrections, conditions similar to those that Dogecoin has witnessed since March 2025.
The first Macd crossover in this cycle was in October 2023, which caused a 285%event. The second Macd crossover was in September 2024, which led to one even bigger Rally of about 460%, during which Dogecoin climbed to multi -year maximums of $ 0.48.
The graph also reveals that these MacD crossover occurred after a lower rounded motif. The current price structure seems that configuration, with a higher low rounded bottom and the blue Macd line that is about to cross the rise of the orange line.
This gives a strong credibility to the idea that Dogecoin could be active the cusp of another event, especially like the complex The feeling of the cryptocurrency market is now positive After Bitcoin’s break above $ 100,000 again.
Image From X: Trader Tardigrade
Eyes on $ 1: can the MacD repeat repeat once again?
Now that the Macd crossover is almost in progress, the obvious question is if this can cause dogecoin To finally reach the elusive brand of $ 1.
The expected $ 1 lens resides on a long -term ascending trend line that guided the top of $ 0.23 and $ 0.48 on top of this cycle. If the model is valid and the Dogecoin Macd crossover takes place as in the past, the meme currency could currently be at the beginning of a third impulsive move. The analyst’s graph draws a projected trajectory that It extends to $ 1 by mid -year, following a path similar to the other gatherings.
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The achievement of the $ 1 objective would require an increase in prices of about 335% compared to the current levels of approximately $ 0.23. At the time of writing, Dogecoin is exchanged at $ 0.2335, growing 3.4% in the last 24 hours and an intraday maximum of $ 0.2569.
In the foreground image from Usplash, a tradingview graphics