Historical Pattern Suggests Major DOGE Upswing

Dogecoin's weekly chart shows the MACD indicator flashing its first bullish crossover since late 2024 — a technical signal that previously preceded massive price surges. The meme cryptocurrency recorded gains between 270-340% following similar patterns in Q4 2023 and Q4 2024, with analysts now anticipating another potential breakout.

Technical Indicators Align for Potential Breakout

The moving average convergence divergence (MACD) — a momentum tracking tool — registered its blue line crossing above the orange signal line this week. This development coincides with a double-bottom pattern formation on DOGE's daily chart, suggesting strong support around $0.20-$0.22. Market observers note the cryptocurrency has already gained 30% since the crossover appeared, with historical data indicating larger moves typically follow.

【Key Data Points】
• Previous bullish crosses led to 273% (2023) and 343% (2024) rallies
• Current price action mirrors 2024's pre-surge pattern
• Double-bottom breakout target: $0.48 (+90% from current levels)

Analysts Identify Critical Support Zones

Traders are closely watching the fair value gap (FVG) between $0.20-$0.22, formed during DOGE's recent vertical price movement. "As long as this FVG holds, momentum looks bullish and continuation is on the table," noted analyst CipherX, who projects a push toward $0.48-$0.50 if support remains intact.

——The main liquidity target sits at $0.48–$0.50——
——As long as this FVG holds, momentum looks bullish and continuation is on the table——

Broader Market Optimism Grows

Several technical factors now suggest DOGE could test higher resistance levels:
• Weekly MACD bullish cross confirmed
• Double-bottom pattern breakout in progress
• Strong volume support at key price levels

Remarkably, some analysts maintain even more ambitious targets. Earlier reports suggested DOGE could potentially reach $1.10 before 2025 concludes, should current technical and on-chain signals maintain their strength.

Caveats for Traders

While historical patterns provide context, cryptocurrency markets remain volatile. The MACD indicator — though useful — represents just one analytical tool among many. Traders typically combine such signals with volume analysis, support/resistance levels, and broader market conditions when making decisions.

As of Thursday morning trading, DOGE shows continued strength near the upper boundary of its recent range, with market participants awaiting either a decisive breakout or potential retest of support levels.