Dogecoin Technicals Signal Potential Rally Toward $1
Dogecoin (DOGE) technical analysis indicates a possible bullish reversal after the meme token tested support near $0.10 and bounced. Analysts including Trader Tardigrade point to the Price Momentum Oscillator (PMO) at levels that historically preceded large rallies (notably a 21,000% surge in 2015–2018 and an 800% move in 2022–2024). Chart patterns cited include an ascending triangle on the 4-hour timeframe and accumulation behavior, while a confirmed MACD bullish crossover on the 4-hour chart suggests rising momentum. Short-term targets mentioned by analysts range from prior pivot highs near $0.13 to longer-term projections above $1, which would surpass DOGE’s all-time high of $0.73. DOGE was trading around $0.109 at the time of reporting. Key keywords: Dogecoin, DOGE price, PMO, MACD, ascending triangle, accumulation, $1 target.
Bullish
The article highlights multiple bullish technical signals: PMO at historically low turning points, an ascending triangle (bullish continuation), accumulation behavior, and a confirmed 4-hour MACD crossover. These indicators together increase the probability of a trend reversal from the recent $0.10 support and support forecasts of rallies to near-term targets like $0.13 and longer-term speculative targets above $1. Past precedents cited (large rallies following similar PMO readings) provide a context that traders often interpret as a momentum setup, which can attract short-term momentum traders and longer-term buyers. Short-term impact: likely increased buying interest, higher intraday volatility, and potential rapid retracements on failed breakouts. Longer-term impact: if breakout above the triangle and key resistance levels (e.g., $0.13 and prior highs) is sustained, it could trigger further accumulation and broader market attention pushing price higher; conversely, failure to hold support near $0.10 would invalidate the bullish thesis and could cause a swift negative re-rating. Therefore, while indicators are bullish, risk management (stop levels, position sizing) remains essential given DOGE’s historical volatility and the speculative nature of meme-coin rallies.