A bullish pattern has emerged on Dogecoin’s weekly chart, leading traders to predict a 180% DOGE surge.
Key Points to Remember:
Dogecoin’s 38% surge reflects strong market demand, with spot buyers dominating since March.
A bullish MACD crossover has traders predicting a 180% rally, with targets of $0.65 and $1.
Dogecoin’s $0.2181 price has followed Ethereum’s gains over the past 7 days, up 38% in May, its strongest monthly gain this year. According to CoinGecko, DOGE recorded $4.7 billion in trading volume over the past 24 hours, ranking fifth among top cryptocurrencies (excluding stablecoins).
The memecoin’s market power has been coupled with onchain insights. Data from CryptoQuant notes that DOGE’s 90-day cumulative spot buyer volume delta (CVD), which measures the net difference between buy and sell volume over 90 days, has been “dominated by spot buyers.” It shows more active buying than selling, a pattern last seen in November 2024, leading to DOGE’s breakout rally of 385% to $0.48 in Q4 2024.
Similarly, the net unrealized profit/loss for long-term holders (NUPL), which tracks the unrealized profit or loss for DOGE holders with a lifespan of at least 155 days, recently crossed 0.5 for the first time since March 1, 2025, shifting to bullish sentiment or “belief.” A NUPL above 0.5 means that most holders are profitable, signaling confidence and a reduced likelihood of selling. This optimism reinforces price stability, as holders may refrain from selling and wait for higher gains.
The above figures show strong market demand as investors actively accumulate Dogecoin, which may have contributed to the coin’s recent surge.
