DOGE Up 11%: Bullish MACD Cross Indicates Reversal

Dogecoin rises 11% to $0.21 with a bullish MACD cross, forming a bullish pennant and testing long-term support as traders eye a $1 target.

Dogecoin (DOGE) is trading at $0.21 after gaining 11% in the last 24 hours. This move follows a sharp decline earlier this week that brought the price close to $0.18. Trading volume over the same period was $5.14 billion.

Despite the recent rebound, DOGE remains down 17% over the past seven days. Traders watch the chart as the technical indicators begin to shift. Recent short- and long-term patterns are attracting attention.

MACD Crossover Shows First Sign of Strength

On the 4-hour chart, Dogecoin showed a bullish MACD crossover, as noted by trader Tardigrade. The MACD line has crossed above the signal line and green histogram bars have appeared, indicating a change in momentum. These types of crossovers often indicate that sales pressure is easing.

The assets bounced from near $0.18 and showed stability after the recovery by remaining above $0.21. It has not yet reached last week’s peak of around $0.27, but the current situation indicates that early momentum is returning.

Bullish Pennant indicates a possible breakout

Trader Tardigrade has identified a bullish pennant on the 4-hour chart. It emerged after a sharp upward move, followed by sharper price action between two converging lines. This arrangement often appears before a continuation of the previous trend.

$Doge/4 hours#Dogecoin forms a new bullish chart pattern after the crash.
A Bullish Pennant has appeared on the map.🔥 pic.twitter.com/9gYv91lOLK

— Trader Tardigrade (@TATrader_Alan) October 13, 2025

DOGE is holding near $0.21. A breakout above the pennant could lead to a move past $0.22. If price fails to maintain support, the pattern would be invalid.

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A monthly chart shared by Trader Tardigrade shows Dogecoin repeats a structure seen in previous moves. The chart contains two previous rallies of 300% and 500% that started after reaching a long-term trendline. The same line has now been tested again.

If this pattern holds, the expected move indicates a possible upside of over 870%, which would put DOGE close to the $1 threshold. The trendline dates back to 2021 and has provided consistent support throughout several cycles.

Current configuration matches previous cycles

Analyst EtherNasyonaL noted that DOGE follows a well-known scheme. “The chart shows the same pattern again,” they posted, pointing to a break above the 25-day moving average and a new test of support.

In previous cycles, this phase came just before larger rallies. The recent uptick has also been linked to a rise in open interest and increased on-chain activity. The move is part of a broader recovery seen in meme coins.