The Dogecoin price has been drifting through a subdued stretch over the past few days, holding around the mid-$0.13 to $0.14. The recent decline has slowed down in the past 48 hours, and the chart now shows the meme coin attempting to steady itself after weeks of persistent selling pressure.
Trader Tardigrade, a well-known crypto analyst on X, shared a new three-day chart suggesting that an important MACD signal is on the verge of forming, and historical performance shows that Dogecoin tends to move bullish once this signal appears.
Approaching The MACD Bullish Cross
Dogecoin’s quiet phase in the past 48 hours has become increasingly important because one of Dogecoin’s higher-timeframe indicators is beginning to show early signs of life. According to Trader Tardigrade, Dogecoin’s MACD indicator on the 3-day candlestick price chart has not yet confirmed a bullish cross, but it is very close to doing so.
