Dogecoin rises 11% to $0.21 with a bullish MACD cross, forming a bullish pennant and testing long-term assist as merchants eye a $1 goal.
Dogecoin (DOGE) is buying and selling at $0.21 after gaining 11% within the final 24 hours. The transfer follows a pointy drop earlier this week that pushed the worth near $0.18. Buying and selling quantity over the identical interval reached $5.14 billion.
Regardless of the current bounce, DOGE stays down 17% over the previous seven days. Merchants are watching the chart as technical indicators start to shift. Latest patterns on quick and lengthy timeframes are drawing consideration.
MACD Crossover Exhibits First Signal of Power
On the 4-hour chart, Dogecoin has proven a bullish MACD crossover, as famous by Dealer Tardigrade. The MACD line has moved above the sign line, and inexperienced histogram bars have appeared, suggesting a change in momentum. Any such crossover typically factors to easing promoting strain.
Bouncing from practically $0.18, the asset confirmed stability after the restoration by staying above $0.21. It has not but reached final week’s peak of about $0.27, however the current state of affairs signifies that early momentum is coming again.
Bullish Pennant Factors to Potential Breakout
Dealer Tardigrade has recognized a bullish pennant on the 4-hour chart. It shaped after a pointy upward transfer, adopted by tighter worth motion between two converging traces. This setup typically seems earlier than a continuation of the earlier development.
$Doge/4-hour#Dogecoin is forming a brand new bullish chart sample following the crash.
A Bullish Pennant has appeared on the chart.🔥 pic.twitter.com/9gYv91lOLK— Dealer Tardigrade (@TATrader_Alan) October 13, 2025
DOGE is holding close to $0.21. A breakout above the pennant may result in a transfer previous $0.22. If the worth fails to take care of assist, the sample could be invalid.
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A month-to-month chart shared by Dealer Tardigrade exhibits Dogecoin repeating a construction seen in earlier strikes. The chart consists of two previous rallies of 300% and 500% that started after touching a long-term trendline. The identical line has now been examined once more.
In case this sample holds, the anticipated transfer suggests a attainable enhance of greater than 870%, which might deliver DOGE near the $1 threshold. The trendline originates in 2021 and has persistently supplied assist throughout totally different cycles.
Present Setup Matches Earlier Cycles
Analyst EtherNasyonaL famous that DOGE is following a well-known setup. “The chart is exhibiting the identical sample once more,” they posted, pointing to a break above the 25-day transferring common and a retest of assist.
In previous cycles, this part got here simply earlier than bigger rallies. The current bounce has additionally been linked to an increase in open curiosity and elevated on-chain exercise. The transfer comes as a part of a broader restoration seen throughout meme cash.
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