Dogecoin's MACD Bullish Signal Sparks Hopes of Upward Momentum
Dogecoin has been consolidating near the $0.081 mark for some time, which is a technically significant zone according to blockchain analytics.
This price point is where approximately 30 billion DOGE tokens have changed ownership, establishing it as a crucial cost-basis area for a significant portion of the holder base.
A breakdown beneath $0.081 would shift attention toward the $0.077-$0.079 demand zone, which has clusters of long position liquidations positioned between $0.077 and $0.079.
Conversely, breaking through the $0.085-$0.089 resistance zone could trigger a rally toward $0.090.
Technical analyst Trader Tardigrade highlighted on X that Dogecoin's bi-weekly MACD indicator has registered a bullish crossover, the first such signal after an extended bearish phase.