Dogecoin traders predict a 180% price increase if Bitcoin gains continue
A bullish pattern has emerged on Dogecoin's weekly 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 crossover of the MACD has traders predicting a 180% rally, with targets at $0.65 and $1.
The price of Dogecoin
€0.2065
surged in unison with Ethereum over the last 7 days, gaining 38% in May, its best monthly performance this year. According to CoinGecko, DOGE recorded $4.7 billion in trading volume over the last 24 hours, ranking fifth among major cryptocurrencies (excluding stablecoins).
The market strength of this memecoin has been accompanied by solid on-chain data. Crypto Quant data indicated that the 90-day cumulative 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 Q4 2024.
Similarly, the net unrealized profit/loss of long-term holders (NUPL), which tracks unrealized gains or losses for DOGE holders with a tenure of at least 155 days, recently crossed 0.5 for the first time since March 1, 2025, shifting to an optimistic or “belief” sentiment. A NUPL above 0.5 means that most holders are in profit, signaling confidence and a lower likelihood of selling. This optimism reinforces price stability, as holders may refrain from selling and wait for greater gains.
