- MACD Crossover Signals DOGE Momentum Shift
- Whales Accumulate 80M DOGE in One Day
- DOGE Enters Wyckoff Phase D, Eyes Breakout
Dogecoin ($DOGE) has shown early signs of strength as a bullish MACD crossover has appeared on the 3-day chart. This development has sparked renewed optimism among traders and comes as DOGE continues to trade around $0.17. Technical analysts are now watching for confirmation of this momentum shift as on-chain and trading activity increases.
Bullish Indicators Support Upward Price Structure
According to an analysis prepared by TradingView on April 14, 2025, the Moving Average Convergence Divergence (MACD) crossed above the signal line on the 3-day chart. This event is typically viewed by traders as a bullish shift in momentum and may signal the start of a medium-term price move.
Supporting this trend, the Relative Strength Index (RSI) stands at 62, suggesting moderate strength without entering overbought territory. A golden cross also recently formed on the 1-hour chart, where the 50-period simple moving average (SMA) moved above the 200-period SMA. While this is a short-term signal, it aligns with the broader momentum visible on higher time frames.
Volume Growth and Whale Accumulation Provide Support
According to an observation by CoinMarketCap, trading volume for Dogecoin increased by 20% over the past 24 hours, with 12.5 billion DOGE traded. Glassnode data also reported a surge in whale activity, with 80 million DOGE accumulated within a single day.Â
These movements suggest increased interest among large holders and possibly early accumulation.Meanwhile, Dogecoin has officially entered Phase D of the Wyckoff Accumulation pattern, following confirmation from technical analyst Trader Tardigrade. This stage typically precedes a stronger upward price move.
Resistance levels are now seen at $0.181 and $0.257, while $0.142 and $0.129 remain key support zones.As on-chain activity increases and technical patterns align, traders are watching closely for a breakout confirmation above the 50-day SMA, which could support a continued rally.
