Dogecoin Diprediksi Bisa Naik Hingga 180 Persen!

Dogecoin Poised for a Bullish Reversal

Dogecoin may be on the cusp of a bullish phase, as suggested by chart patterns indicating a potential bullish crossover on the Moving Average Convergence Divergence (MACD) indicator.

In previous weekly charts, Dogecoin witnessed significant surges of 90% and 180% following such a bullish crossover. This signal is now re-emerging, hinting that Dogecoin may be set for another substantial rally in the near future.

Dogecoin Building Bullish Momentum

According to on-chain analyst Ali Martinez, the formation of a bullish MACD crossover is highly probable. Historically, such a signal has preceded substantial price increases for Dogecoin.

"The last two times Dogecoin (DOGE) printed a bullish MACD crossover on the weekly, it rallied 90% and 180% respectively," he wrote on Twitter.

This suggests a high probability of Dogecoin experiencing another significant surge if this technical condition materializes.

The MACD indicator is a technical tool used to measure market momentum, and a bullish crossover indicates the build-up of bullish momentum.

The signal is seemingly on the verge of forming on the current chart, which may bode well for investors as it suggests Dogecoin is building another potential bullish swing.

"A new bullish MACD crossover is likely brewing!" Martinez added.

However, as always, it is crucial to conduct further analysis and consider other factors before making investment decisions, even when technical signals show positive potential.

Surging Transaction Activity

Dogecoin has also witnessed a considerable surge in network activity. A recent report indicates a 72% increase in the number of new Dogecoin addresses over the past week.

This significant jump signals growing interest in DOGE from both retail and institutional investors.

Furthermore, the number of active addresses on the Dogecoin network has also surged, marking a 37.23% increase in the last seven days. This suggests increased user engagement on the network for both investment and transaction purposes.

Notably, there has been a 52.1% increase in large transaction volume, with transactions worth over $100,000 showing substantial growth. This suggests interest from larger investors in Dogecoin.

The findings align with reports of DOGE holders across different tiers, from small to large, accumulating more of the asset.

Large holders with 100 million to 1 billion DOGE have increased their holdings by 3.03% in the last 30 days, while small holders have also shown a 0.32% increase in their holdings.

All of these factors indicate Dogecoin's growing appeal as an alternative crypto investment beyond Bitcoin and Ethereum.

Is Dogecoin Poised to Surge Again?

Increased trading volume over the past week indicates that the Dogecoin market remains active despite the price decline.

Such a spike in trading volume is often seen as an indicator of potential significant price movements in the near future, either bullish or bearish. However, given the emerging bullish crossover signal on the weekly chart and the surge in large transactions, there is a strong suggestion that Dogecoin could be on the verge of another substantial price rally.

If this scenario plays out, it could potentially mirror previous price jumps of 90% to 180%.

Dogecoin is currently at a pivotal juncture, marked by bullish technical signals and significant increases in network activity. Investors should remain vigilant and monitor market developments rather than solely relying on technical analysis.