Main takeout:
The 38% increase in Dogecoin reflects the strong market demand for spot buyers since March.
The optimistic MACD crossover is a 180% rally for traders and the target is $ 0.65 and $ 1.
Dogecoin (DOGE) ‘s prices have been rally in Rock Stef with Ether Lee for the last seven days, 38%in May, which is the most powerful monthly achievement of this year. According to Coingecko, Doge has recorded $ 4.7 billion in trading volume over the last 24 hours, fifth among the highest cryptocurrencies (excluding Stablecoins).
Memecoin’s market strengths are combined with strong onchain insights. According to Cryptoquant’s data, Doge’s Spot Taker 90 -day cumulative volume delta (CVD) pointed out that “Taker Buyer IMPORDER”, which measures the sequential purchase and sales volume over 90 days. In November 2024, it is more aggressive than the sales of the last pattern.
Similarly, long -term holders’ net profit/loss (NUPL) has been optimistic or “belief” feelings for the first time since March 1, 2025. NUPL of 0.5 or higher means that most holders have a decrease in profit, signal confidence and sales potential. This optimism strengthens price stability because the holder can refrain from selling and get higher profits.
The above indicator suggests market demands that are likely to contribute to recent profits by actively accumulating Dogecoin.
Related: Bitcoin prices are closer to the new all -time high, such as ETH, DOGE, PEPE and Atom Rally.
Is Doge set to another parabolic rally?
With a favorable market structure, anonymous technical analyst trader, TardIDE, has released a strong strength related to Doge/BTC Trading Pair. The chart suggested a similar settings by reflecting the previous rally with a Doge from $ 0.0024 to $ 0.739.
Historically, Dogecoin and Bitcoin share a powerful correlation of 0.67 over the past three months, depending on the huge farming data. The movement of the BTC often indicates the track of the Doge. The analyst predicted that the next step could follow after the surge in the BTC, and predicted that it could cause a large Doge rally for several weeks.
In a separate analysis, Trader Tar Gradrade said that the immediate goal of the cutting board remains a dollar after displaying the MACD optimistic crossover for the third time since 2024. As described on the chart, each optimistic crossover followed 380%in September 2024, after 180%increased 180%in December 2024.
The encryption merchant Javon Marks explained the similar goal of Dogecoin and immediately predicted an immediate goal of $ 0.65, which would be the highest price since May 2021, Marks said.
“$ DOGE (Dogecoin) is now showing a big strength after setting the higher the lowest level! $ 0.6533 can come to almost + 180% and the price rises to play $ 1 +.”
Related: Bitcoin All-time High Cues are coming while US-HINA transactions are sent to one month height.
This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.