Dogecoin Indicator That Led to a 180% Rally Emerges Again: Is a DOGE Price Surge Imminent?

According to Ali Charts, a leading crypto analyst on X, Dogecoin (DOGE) is approaching a crucial technical setup that could result in another price surge. Ali's analysis indicates that the MACD indicator on DOGE's weekly chart is nearing a bullish crossover, a signal that has historically preceded significant rallies of 90% and 180%.

Historical Price Rallies Linked to MACD Bullish Crossovers

Dogecoin has a history of price rallies triggered by bullish MACD crossovers on its weekly chart. According to Ali's analysis, two notable rallies in DOGE's past were directly associated with this technical signal.

In the past, when the #Dogecoin $DOGE MACD experienced a bullish crossover on the weekly chart, it led to rallies of 90% and 180%, respectively. A new MACD bullish crossover could be forming soon!

DOGE's Potential Signal for an Uptrend

The MACD indicator is used to track momentum and identify trend reversals. Ali Charts noted that historically, when the MACD line (blue) crosses above the signal line (orange) on DOGE's weekly chart, it coincides with a price surge. This crossover has been linked to previous rallies of approximately 90% and 180%.

Currently, the MACD lines are approaching each other again, with the MACD histogram showing a decline in bearish momentum, represented by decreasing red bars. If the MACD line crosses bullishly, Ali suggests it could signal a new upward trend.

What to Expect: Future Price Movements

If the expected MACD crossover materializes, traders could anticipate another price surge. However, the magnitude of the surge is unknown, with past rallies demonstrating either 90% or 180% increases. DOGE's price trajectory will also be influenced by investor sentiment and the general market conditions.

Monitoring the MACD crossover is crucial as it provides a key indicator for the upcoming phase of DOGE's price movement. While past performance suggests the possibility of a substantial rally, the market's reaction will ultimately determine the outcome.