As major indicator signals strengthen, Dogecoin price has once again drawn attention. Structural changes have led to more pronounced fluctuations near the support level in December.
Dogecoin price has shown improvement in the short-term cycle. Analysts have observed that in the key turning point area, the price reacts more strongly. Dogecoin price is currently approaching areas that typically influence short-term trends.
MACD crossover highlights Dogecoin price trends
Trader Tardigrade confirms a weekly MACD bullish crossover has formed on the chart. As the MACD line breaks upward through the signal line, Dogecoin (DOGE) has a market value of $0.143.
The green histogram shows a rhythmic upward trend, with each bar slightly higher than the previous one. This indicates a strong early buying willingness in the market. In the oversold area, selling power weakens.
The price of Dogecoin has shown an upward trend in recent trading. With each test, the lower shadows gradually narrow. Panic selling has disappeared, and the structure is normalizing. Buyers are responding positively in terms of demand.
The slope increases, and the spacing becomes more even. This angle is favorable for the enhancement of buyer strength. Therefore, supported by the early technical aspects, the price of Dogecoin enters a constructive phase.
Structural support for higher Dogecoin price targets.
The price of Dogecoin is currently approaching the upper boundary line with a more determined posture. Buyers will hold this price level when the price dips to $0.135. The wick has failed to stop the price decline over multiple trading days. The entities continue to converge within the channel.
As it narrows by the end of December, the downward momentum weakens. The next round of movement will be guided by the pivot point of $0.150. If it breaks below $0.155, it may probe down to $0.181.
If the price remains above this range, the target price will be $0.210. Subsequently, the price will experience a pullback and directly rise to $0.270. $0.270 is the next obstacle toward the higher target of $0.30. In each price fluctuation cycle, buyers are more active. Sellers will not drive the price down to lower levels.
Thus, the future price outlook for Dogecoin (DOGE) tends to attempt to move toward higher levels in a controlled manner, including the $0.30 area.
Spot buyers' anti-subsidy tax reveals the buyers' control over the spot market.
Spot trader CVD prices rise under the slow push of buying pressure, and the increase is steady without sudden breakpoints. This indicates a strong purchasing willingness among active buyers. Whenever the CVD price strengthens, the price of Dogecoin (DOGE) will also rise.
Buyers maintain the same demand area during each retracement. Sell orders have not created new lows. The rebound aligns with the tight green cluster within the bottom framework. The strength of the CVD corresponds with the turning points of the weekly cross.
This consistency builds trust throughout the system. The capital flow driven by the spot market more clearly guides the price trend of Dogecoin during the early reversal phase. The intraday cycle is characterized by active buyers. This situation favors further price development towards larger resistance areas.
In summary, with stronger signal support, the price of Dogecoin has entered a decisive phase. Buyers have held key areas and prevented previous downward momentum. The MACD crossover further reinforces this shift. Therefore, the price of Dogecoin is expected to continue rising, with $0.30 being its broader target.
