Dogecoin is quietly accumulating energy, and the next wave of increase is worth looking forward to.
In the past few days, the price trend of Dogecoin (#DOGE ) has been somewhat 'Buddhist', fluctuating between $0.13 and $0.14. It can be said that after weeks of continuous selling, it has finally started to stabilize slowly. Although the market looks calm, there are actually hidden potential signals for an upward trend.
Prices are stable, but signals are brewing.
On platform X, a well-known cryptocurrency analyst Tardigrade shared a new three-day chart. He pointed out that the MACD indicator for Dogecoin is approaching a key bullish crossover signal. Although the golden cross has not yet been fully confirmed, the blue line is about to cross above the red line.
What does this mean? Simply put, bearish momentum is weakening, and the market is entering a 'accumulation phase.' If the MACD indicator confirms a crossover in the coming days, Dogecoin is likely to welcome a new round of increases. Past data also supports this: each time a three-day MACD golden cross occurs, Dogecoin has seen significant price increases.
Historical experience: MACD golden crosses often bring about explosive increases.
Looking back at this year's market:
The first golden cross appeared in April when Dogecoin surged from below $0.14 to $0.26.
The second golden cross appeared in mid-July, after which Dogecoin's price rapidly soared from about $0.16 to $0.30.
The chart shows that each time the MACD crosses above the signal line, the momentum almost instantly shifts, the bearish pressure quickly weakens, and the price experiences a noticeable rise. This has led analysts to boldly predict: if the next golden cross is confirmed, Dogecoin may once again initiate a similar upward trend.
Where is the price target?
Tardigrade's chart predictions indicate that the next wave may allow Dogecoin to break through the $0.20 mark, and it may even have the opportunity to touch around $0.35. This means that starting from the current $0.142, the increase could reach approximately 140%!
It is worth noting that this is not a minor rebound, but a pattern similar to several rounds of structural upward trends earlier this year. In other words, if a trend forms, Dogecoin may welcome a wave of sustained increases, rather than just a short-term surge.
Summary: Opportunities behind the calm.
Although the price of Dogecoin seems calm recently, the performance of the MACD indicator suggests that the market's bottom is quietly solidifying. Historical experience shows that each time a three-day MACD golden cross occurs, the price tends to experience a significant increase.
If the indicators confirm a crossover in the coming days, it is not ruled out that Dogecoin will once again experience a stunning upward trend similar to that of late summer. For investors who like to pay attention to trends and technical signals, this may be a noteworthy opportunity.
Overall, the next wave of Dogecoin's market may not be a brief fluctuation, but a clear upward trajectory. As long as we pay attention to the confirmation signals from the MACD, everyone can sense this upward momentum in advance.#美联储重启降息步伐
