11 hour ago
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Dogecoin MACD Cross Could Trigger 140% Price Surge to $0.35
Dogecoin's price has been stable between $0.13 and $0.14 after a recent decline. The MACD indicator shows potential for a bullish cross, suggesting a possible upward trend.
- Trader Tardigrade highlights Dogecoin's MACD nearing a bullish cross on the 3-day chart.
- The blue MACD line is close to crossing the red line, similar to past instances that led to price surges.
- This indicates fading bearish momentum and an accumulation phase.
Historical data suggests significant price increases following previous MACD crosses:
- In April, a MACD cross led to Dogecoin rising from below $0.14 to $0.26.
- A July cross resulted in a price jump from $0.16 to $0.30.
The current projection suggests Dogecoin could rise above $0.20, potentially reaching around $0.35, which would be a 140% increase from its current price of $0.142.
