Dogecoin Eyes $0.6533 on MACD Divergence, Accumulation Zone Breakout

DOGE-0.71%

Dogecoin is trading within a third accumulation zone while showing bullish technical signals from both momentum indicators and price structure, according to analyses by Bitcoinsensus and Javon Marks. The setup compares the current sideways trading pattern with two previous mini cycles that preceded sharp rallies of 190% and 480%, respectively. If buyers defend the accumulation base and push above key resistance levels, traders are watching for a potential move toward $0.6533.

Dogecoin Third Accumulation Zone with Improving Momentum Signals

Dogecoin is holding inside a third accumulation zone, according to a chart shared by Bitcoinsensus. The analysis compares DOGE’s current sideways structure with two previous mini cycles that led to sharp upside moves.

The chart shows DOGE moving through repeated phases of sideways accumulation followed by strong rallies. The first marked accumulation phase came before a 190% move, while the second phase came before a 480% rally. Bitcoinsensus marked the latest yellow box as “Accumulation 3?” near the lower part of Dogecoin’s recent range, where price has been moving sideways after a long pullback.

The technical setup shows DOGE attempting to recover from a descending trendline that started after the late 2024 high. A break above that blue dotted trendline would strengthen the case for another mini cycle move, according to the analysis.

The RSI panel shows momentum beginning to turn higher from a low area, with the RSI line moving back above its signal line. This indicates early improvement in momentum, though Bitcoinsensus noted that DOGE still needs stronger follow-through to confirm a sustained breakout.

MACD Divergence Points to $0.6533 Target

Dogecoin is showing a bullish breakout after reacting to a long-term MACD divergence, according to a chart shared by Javon Marks. The setup points to a possible move toward $0.6533 if buyers maintain control.

The chart shows DOGE breaking away from a long descending trendline that started after the 2021 cycle high. Since that breakout, Dogecoin has formed higher highs and higher lows, indicating a stronger market structure than the earlier downtrend.

Javon Marks noted that DOGE has begun to respond more positively to a major bullish divergence on the MACD. A bullish divergence appears when price makes weaker lows while momentum starts to improve. Marks identified a first major upside target near $0.6533, which would represent a significant move from the current structure and bring Dogecoin back toward levels last seen during the 2021 cycle.

Marks also stated that a break above $0.6533 could open the path toward the $1.25 area. However, DOGE would first need to confirm strength above nearby resistance zones and keep the breakout structure active.

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ybaservip
· 44m ago
To The Moon 🌕
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