Key Takeaways:
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Dogecoin’s 38% surge displays sturdy market demand, with spot-buyer volumes taking cost since March.
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A bullish MACD crossover has merchants predicting a 180% rally, with targets at $0.65 and $1.
Dogecoin’s (DOGE) value rallied in lockstep with Ethereum over the previous 7 days, gaining 38% in Might, which is its strongest month-to-month efficiency this yr. In response to CoinGecko, DOGE recorded $4.7 billion in buying and selling quantity over the previous 24 hours, rating fifth among the many high cryptocurrencies (excluding stablecoins).
The memecoin’s market energy has been coupled with sturdy onchain insights. Information from CryptoQuant noted that DOGE’s spot taker 90-day cumulative quantity delta (CVD), which measures the online distinction between shopping for and promoting quantity over 90 days, has been “taker purchaser dominant.” It signifies extra aggressive shopping for than promoting, a sample final seen in November 2024, resulting in DOGE’s breakout rally of 385% to $0.48 in This fall, 2024.
Equally, the long-term holder internet unrealized revenue/loss (NUPL), which tracks unrealized income or losses for DOGE holders with a lifespan of at the least 155 days, just lately crossed 0.5 for the primary time since March 1, 2025, turning to optimistic or “perception” sentiment. A NUPL above 0.5 means most holders are in revenue, signaling confidence and a lowered probability of promoting. This optimism reinforces value stability, as holders may chorus from promoting and maintain out for larger positive factors.
The above metrics recommend sturdy market demand, with traders actively accumulating Dogecoin, which doubtless contributed to its current positive factors.
Related: Bitcoin price inches closer to new all-time high as ETH, DOGE, PEPE and ATOM rally
Is DOGE set for an additional parabolic rally?
With a good market construction, nameless technical analyst Dealer Tardigrade revealed a bullish outlook involving the DOGE/BTC buying and selling pair. The chart mirrored a earlier rally the place DOGE surged 30,000% from $0.0024 to $0.739, suggesting an identical setup.
Traditionally, Dogecoin and Bitcoin share a powerful correlation—round 0.67 over the previous three months, per Macroaxis data—that means BTC’s actions typically dictate DOGE’s trajectory. The analyst predicts BTC’s surge might be adopted by a sideways part, triggering a large DOGE rally for weeks.
In a separate evaluation, Dealer Tardigrade additionally noted that the rapid goal for Dogecoin stays $1, after the memecoin exhibited a weekly MACD bullish crossover for the third time since 2024. As illustrated within the chart, every bullish crossover has been adopted by a breakout, with costs leaping 180% between January 2024 and March 2024, and a whopping 385% between September 2024 and December 2024.
Crypto dealer Javon Marks outlined an identical goal for Dogecoin, forecasting a right away goal of $0.65, which might be its highest value since Might 2021. Marks said,
“$DOGE (Dogecoin) now exhibiting MAJOR STRENGTH after setting Increased Lows! $0.6533 will be coming in one other almost +180% upside and costs may even break above, bringing $1+ into play.”
Related: Bitcoin all-time high cues come as US-China deal sends DXY to 1-month high
This text doesn’t comprise funding recommendation or suggestions. Each funding and buying and selling transfer entails danger, and readers ought to conduct their very own analysis when making a choice.
