MACD Signals Say a New Rally May Be Brewing, Can Dogecoin Hit $1?

Dogecoin's market behavior in 2024 and 2025 showcases significant volatility, marked by MACD crossovers that hint at the potential for substantial upward movement. Examining historical "Doge Seasons" reveals a pattern: prolonged periods of consolidation often precede explosive rallies, suggesting that 2025 could be another year for a major breakout.

The recent dip in DOGE's price, falling below $0.040, coupled with a bearish MACD crossover, presents a critical juncture. However, historical cyclical trends suggest that a bullish reversal may be on the horizon.

Trader Tardigrade's analysis on social media highlights this pivotal MACD crossover, indicating a possible surge toward the $1 mark. According to the trader, Dogecoin's price action since the start of 2024 has been characterized by a series of alternating bullish and bearish MACD signals. Initially, a bullish crossover in March propelled DOGE from $0.080 to $0.220, marking the first rally of the year. A subsequent correction brought the price back down to $0.060 during the summer months, but another MACD crossover emerged during this consolidation phase, hinting at a resurgence of bullish momentum.

DOGE subsequently experienced a remarkable rebound in late 2024, soaring from $0.060 to nearly $0.480. This impressive 700% rally represented DOGE's most aggressive price movement in recent history. The MACD histogram recorded its highest bullish levels during this period, and the widening of the MACD lines further corroborated the strong upward momentum. However, this rally proved to be short-lived. In early 2025, DOGE plummeted below $0.040, triggering a bearish MACD crossover. The histogram turned red, and both MACD lines crossed below the zero line, suggesting that a bearish trend may now dominate DOGE's short-term outlook.

Trader Tardigrade's subsequent analysis focuses on Dogecoin's long-term historical cycles. These cycles demonstrate that periods of price consolidation have historically been followed by significant rallies. The first "Doge Season" in 2017 witnessed a price surge of nearly 9,000%. The second occurred in 2021, driving DOGE to its all-time high of $0.740. Following that peak, DOGE entered an extended period of sideways trading, fluctuating between $0.050 and $0.350 for almost three years.

The third "Doge Season" commenced in late 2024, with DOGE rallying from $0.060 to $0.480. These parabolic movements appear to follow distinct patterns, with each rally occurring after prolonged accumulation periods. Trendlines connect the consolidation bottoms, creating reliable support zones across various timeframes. Furthermore, volume spikes during each rally confirm increased investor participation.

DOGE is currently trading around $0.040 after breaking below a key trendline, with the next support level expected near $0.030. However, another bullish MACD crossover could potentially reignite a rally. Many traders are closely monitoring the market for such bullish signals. Moreover, the cyclical patterns suggest that the next "Doge Season" could potentially unfold at some point in 2025.