MACD bullish crossover hints at a 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. The move comes after a sharp drop earlier this week that pushed the price close to $0.18. The trading volume during the same period reached 5.14 billion dollars.

Despite the recent bounce, DOGE is still down 17% over the last seven days. Traders are watching the chart as the technical indicators begin to change. Recent short-term and long-term patterns are attracting attention.

MACD cross shows first sign of strength

On the 4-hour chart, Dogecoin has shown a bullish MACD crossover, as noted by Trader Tardigrade. The MACD line moved above the signal line and green bars appeared on the histogram, suggesting a change in momentum. This type of crossover often points to a relief from selling pressure.

Rebounding from almost $0.18, the asset showed stability after the recovery by staying above $0.21. It has yet to reach last week’s high of around $0.27, but the current situation indicates that the initial momentum is returning.

Bullish pennant points to possible breakout

Trader Tardigrade has identified a bullish pennant on the 4-hour chart. It formed after a strong upward move, followed by tighter price action between two converging lines. This setup usually appears before a continuation of the previous trend.

$Dogo/4 hours#Dogecoin It is forming a new bullish chart pattern after the decline.
A bullish pennant has appeared on the chart.🔥 pic.twitter.com/9gYv91lOLK

— Tardigrade Trader (@TATrader_Alan) October 13, 2025

DOGE remains near $0.21. A break above the pennant could lead to a move above $0.22. If the price fails to hold the support, the pattern would be invalid.

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A monthly chart shared by Trader Tardigrade shows Dogecoin repeating a structure seen in previous moves. The chart includes two previous rallies of 300% and 500% that began after hitting a long-term trend line. Now the same line has been tested again.

Should this pattern hold, the anticipated move suggests a possible rise of over 870%, which would bring DOGE closer to the $1 threshold. The trend line originates from 2021 and has consistently provided support during different cycles.

Current settings match previous cycles

Analyst EtherNasyonaL noted that DOGE follows a familiar setup. “The chart shows the same pattern again,” they posted, signaling a break above the 25-day moving average and a retest of support.

In previous cycles, this phase occurred just before larger rallies. The recent bounce has also been linked to an increase in open interest and increased on-chain activity. The move comes as part of a broader recovery seen in meme coins.