Dogecoin traders predict a price increase of 180% if Bitcoin's gains continue

A bullish pattern has emerged in the weekly Dogecoin chart, leading traders to anticipate a 180% gain for the price of DOGE.

The 38% increase in Dogecoin reflects strong demand in the market, with spot buyer volumes leading since March.

A bullish MACD crossover has traders predicting a 180% rally, with targets at $0.65 and $1.

It surged in tandem with Ethereum over the past 7 days, gaining 38% in May, its best monthly performance this year. According to CoinGecko, DOGE recorded $4.7 billion in trading volume in the last 24 hours, ranking fifth among the top cryptocurrencies (excluding stablecoins).

The market strength of this memecoin has been accompanied by solid on-chain data. Data from CryptoQuant indicated that the 90-day accumulated volume delta (CVD) of DOGE spot buyers, which measures the net difference between buying and selling volume over 90 days, has been dominated by aggressive buyers. This indicates more aggressive buying than selling, a pattern last seen in November 2024, which led to DOGE's 385% rally to $0.48 in the fourth quarter of 2024.

DOGE.