Has Dogecoin (Doge) triggered? MacD signals trend shift

In the last 24 hours, Dogecoin (Doge) has increased by 1.64% to act by $ 0.1714, which indicates that the Meme coin could possibly have been switched off. Remarkably, Doge has blown up some bullish signs that indicate that it ends its sales phase and is ready for a rally.

MacD indicates a potential recovery of Dogecoin

TradingView data show that Dogecoins Indicator (Move Aergeny Convergence Divergence) (MECD) supports a bullish trend reversal for the Meme coin.

For clarity, MACD helps to monitor and identify trend changes, dynamics and potential purchase and sell signals in order to monitor and identify the market observers.

The MacD line from Dotecoin shows that the Meme coin has flattened out from the end of February to March. The MACD line probably seems to be raised via the signal line, and such a development could trigger a price rally for Doge.

This could rely on a recovery path to a recovery path at 0.20 US dollars, where the Meme coin was for about 11 days. Analysts have expected Doge to be traced back to a higher level if the price stabilizes. However, Doge slipped under this support level, and the latest withdrawal could mark a shift.

At the time of printing, the Doge Prize on the Krypto market at $ 0.1715 changed hands. However, Doge investors are not actively involved in the MEME coin, since the trading volume has dropped by 32.09% to 1.02 billion US dollars.

Could Doge reach 4 US dollars in the long run?

Analysts think that investors are still careful in view of the foundation of a death cross in the Doge price card. This is because the sliding 23-day average exceeds the sliding 200-day average and caused a slip from 0.24 to USD 0.16. In addition, the analysis shows that another cross is likely to be pending.

Related

Since the MacD indicator flashes bullish signals, some could expect that Doge could collect up to 4 US dollars in the long term. According to Ali Martinez, the Doge price diagrams can switch to 4 US dollars if they receive between $ 0.16 and $ 0.19.

In the coming days it will indicate whether Doge can hold his current price campaign and start his projected journey on higher levels.