Dogecoin (DOGE) has recently been frequently releasing 'takeoff signals' 🚀 on the technical charts. As of the time of writing, the price is approximately $0.24, with a 24-hour trading volume of $1.88 billion. Although it has slightly dropped by nearly 2% in the past week, there are potential rebound opportunities in the recent trend.
📈 MACD Golden Cross: Momentum begins to warm up
Analyst Trader Tardigrade pointed out that DOGE has appeared a MACD golden cross on the 12-hour chart — when the MACD line crosses above the signal line, it usually indicates that momentum may turn bullish.
The MACD histogram has turned green, indicating an increase in bullish strength
Similar signals appeared in early September when DOGE soared from $0.23 to over $0.32
However, analysts remind: a larger trading volume and sustained volatility are needed to confirm a trend reversal.
🔺 Rising Channel + Higher Lows
According to CryptoBull_360's analysis, Dogecoin is still trading within a rising channel, forming a series of higher highs and higher lows since mid-April. Recently, the price has rebounded from around the 100-day moving average and the top of the Murrey Math range at $0.22.
Historical performance also has reference value:
Rising Triangle: Compression indicates a breakout
Bitcoinsensus analysis shows that a rising triangle is forming on the daily chart:
Horizontal resistance level at $0.27
Forming higher lows below
This pattern indicates that prices are compressing, and if buying pressure continues, after breaking $0.27, the target price may aim directly at $0.48. This is not only a technical calculated price but may also become an important support in the future.
💎 Mining investment support, rising attention
Additionally, Thumzup Media recently invested $2.5 million in DogeHash Technologies to expand Dogecoin mining operations. This means:
Improved mining capabilities
DOGE's attention may further increase
Investors and community members will therefore be more optimistic about DOGE's potential.
🔑 Summary
MACD Golden Cross + Rising Channel + Triangle Compression → Bullish Signal Clearly Present
Key Resistance Level: $0.27, if broken, may soar to $0.48
External Good News: Increased mining investment, rising market attention
Dogecoin is currently in a potential takeoff window📈, with both technicals and external good news providing the bulls with considerable confidence. However, a breakout still needs trading volume support, otherwise it may continue to consolidate.
In the crypto circle, it's often said: watch the trend, follow the momentum, and this wave of DOGE may be worth keeping a close eye on👀.#巨鲸动向
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