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DOGE's 2-week chart flashes a rare MACD bullish signal-can it last?

2026-09-03 15:44:40
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Key points

Leverage brings two-way volatility risks

The US dollar milestone is still extremely unlikely

DOGE remains around US$0.081. Historically, the long clearing of approximately 30 billion tokens in this

coin is concentrated between US$0.077 and US$0.079. Short liquidations piled up between US$0.085 and US$0.089

Breaking through the US$0.085 - 0.089 resistance zone may trigger a move towards US$0.090

Market forecasts show that The probability that DOGE will reach US$1 before January 2027 is only 4%

Technical analyst Trader Tardigrade found a MACD bullish cross over the bi-weekly time frame

Dogecoin continues to consolidate around US$0.081, a technically important area according to blockchain analysis. The popular meme cryptocurrency has fallen 27% since the beginning of the year and is well below the all-time high of $0.74 set in May 2021.

UTXO realized price distribution (URPD) analysis data from Ali Charts shows that at the current price of $0.081, approximately 30 billion DOGE tokens have changed hands. This concentration makes it a key cost base area in the holder base.

Holding on to the support level of US$0.081, there will be very little resistance in the chain on the road to US$0.177. If this threshold is maintained, the recovery narrative will continue. Once it falls below $0.081, attention will turn to the demand area of $0.077 - 0.079.

Leverage brings two-way volatility risk

The clearing heat chart of Binhang's DOGE/USD trading pair shows that there is a large amount of leverage exposure on both sides of the current price. The clearing cluster for long positions lies between US$0.077 and US$0.079, while the short clearing density accumulates from US$0.085 to US$0.089.

This configuration suggests that volatility can rapidly expand in either direction. A fall towards the US$0.077 region will trigger a chain of long liquidations, which may increase downward pressure. Conversely, breaking through the US$0.085 - 0.089 range will force short covering, which is likely to push upward momentum towards US$0.090.

URPD analysis also showed more intensive supply accumulation near US$0.177, although this level represents medium-to long-term resistance rather than near-term targets.

Technical analyst Trader Tardigrade pointed out on platform X that Dogecoin's bi-weekly MACD indicator has shown a bullish cross-the first such signal after a long bear market period. He emphasized that crossovers on such long-term time frames are not common and historically often signal the beginning of major bullish trends.

Dollar milestone remains highly unlikely

Despite the encouragement from certain technical indicators, reaching the dollar remains an extremely ambitious goal. DOGE has never exceeded $0.74 in its entire history. Climbing to $1 from the current level of $0.08 requires a price increase of more than 1150%.

Kalshi predicts that the market's current probability that DOGE will reach US$1 by January 2027 is only 4% and will only rise to 9% by June 2027. For comparison, the probability that Bitcoin will hit $200,000 before the end of the year is also 4%.

The launch of the Dogecoin ETF last year and speculation surrounding possible integrations related to Elon Musk are seen as potential drivers of growth. However, DOGE has not yet shown momentum to continue to rise towards those high-price targets.

The current trading price of Dogecoin is approximately US$0.0818, and the market's recent focus is on the resistance cluster of US$0.085 - 0.089.

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