Dogecoin Eyes $1 Target After Bull Flag Breakout and MACD Bullish Crossover
Dogecoin (DOGE) is starting to flex its muscles again, rising 17% over the past week and 2.1% in the last 24 hours to trade around $0.1862.
The move has reignited excitement among Dogecoin’s loyal community, which continues to see $1 as the ultimate target despite months of sluggish price action.
“Time to shine for DOGE,” crypto trader Kamran Asghar proclaimed.
Bull Flag Pattern Points to Potential Breakout
Kamran Asghar, a prominent crypto trader, identified a bull flag pattern on DOGE’s weekly candlestick chart — a highly bullish technical signal.
Key Takeaways from Asghar’s Analysis:
- DOGE has been consolidating in a bullish channel since early 2024.
- Strong support was found along the channel’s lower boundary.
- A successful breakout could initially push DOGE toward $0.22.
- Measured move projections suggest a $0.44 breakout target.
- A full 1.618 Fibonacci extension hints at a potential $1.09 rally.
What Is a Bull Flag?
A bull flag occurs after a strong price rise, followed by a slight downward or sideways consolidation — often a precursor to another explosive leg higher.
Chart: Dogecoin Bull Flag Structure
| Parameter | Value/Trend |
|---|---|
| Current Support Zone | ~$0.18–$0.19 |
| Immediate Resistance | ~$0.20 |
| Breakout Target 1 | ~$0.44 |
| Long-Term Projection | ~$1.09 |
MACD Bullish Crossover Strengthens the Case
Adding to the bullish outlook, Trader Tardigrade pointed out a significant MACD crossover on Dogecoin’s 3-day timeframe.
MACD Crossover Insights:
- Historically, each MACD bullish crossover on DOGE’s 3-day chart has preceded weeks-long rallies.
- The current crossover mirrors setups that led to price explosions in previous cycles.
- Tardigrade’s model projects that DOGE could exceed $1.30 if momentum sustains.
The MACD (Moving Average Convergence Divergence) is one of the most trusted trend reversal indicators, especially when confirmed across higher timeframes.
Why the $0.20 Level Matters for Dogecoin
Before any real moon mission can begin, DOGE must decisively close above $0.20, a critical psychological and technical barrier.
Breaking and holding above $0.20 would:
- Validate the bull flag breakout
- Confirm strong demand at higher levels
- Open the path toward $0.44 and beyond
Without this breakout, DOGE risks getting trapped in consolidation or facing a minor correction before another rally attempt.
Macro and Sentiment Tailwinds Support DOGE
Several broader factors could aid Dogecoin’s breakout:
- Bitcoin’s strength above $90K supports altcoin momentum
- Improved risk sentiment globally following softening U.S.–China trade rhetoric
- Memecoin hype cycles heating up again across markets
Additionally, Elon Musk’s casual support for Dogecoin on social platforms remains a wild card for sudden price surges.
Final Thoughts: Dogecoin Could Still Go “Straight to the Moon”
Dogecoin’s technical structure, combined with rising momentum signals and bullish sentiment, suggests that the $1 dream is far from dead.
If DOGE can conquer the $0.20 resistance and maintain strong volume, the $0.44 short-term target could come into play — and the long-held $1 milestone could finally be in sight.
As Kamran Asghar aptly put it: “Time to shine for DOGE.”
