Traders predict that if Bitcoin continues to pump, the price of DOGE has a chance to increase by 180%.

DOGE Coin to the Moon! Who still holds DOGE? Can this meme coin ancestor soar to 1 USD? According to the latest data, the MACD chart for DOGE shows a bullish pattern, and DOGE has surged 38% along with Bitcoin and Ethereum due to this round of bullish news, reflecting strong market demand. Traders predict that DOGE may have the opportunity to rise 180%, setting a target price between 0.65 USD and 1 USD.

DOGE has increased by 38% this month, ranking fifth in the cryptocurrency leaderboard.

In the past 7 days, the price of DOGE has risen in sync with Ethereum, increasing by 38% in May, marking the strongest monthly performance of the year so far. According to CoinGecko data, DOGE's trading volume reached 4.7 billion USD in the past 24 hours, ranking fifth in the cryptocurrency leaderboard (excluding stablecoins).

CryptoQuant's data shows that DOGE's spot trading in the past ninety days indicates that the CVD (Cumulative Volume Delta) has accumulated more buying units than selling units. This pattern last appeared in November 2024, when DOGE suddenly surged by 385% to reach $0.48 in Q4 of that year.

DOGE long-term holders' optimistic sentiment strengthens, supporting the coin's price stability.

For long-term holders of DOGE, a NUPL (Net Unrealized Profit And Loss) above 0.5 means that most holders are in profit, which increases their confidence and decreases the likelihood of selling. Long-term holders avoid selling and wait for higher returns, and this optimistic sentiment enhances price stability.

Will DOGE迎來一波大牛市反彈?

Anonymous technical analyst Trader Tardigrade revealed a bullish outlook for the DOGE / BTC trading pair. Historically, DOGE and Bitcoin have shown a strong correlation, with Macroaxis data indicating a correlation of about 0.67 over the past three months, meaning that BTC's trend typically also determines the price movement of DOGE. The analyst predicts that after a BTC surge, it may enter a consolidation phase, while DOGE could see a massive rebound lasting several weeks.

Trader Tardigrade pointed out that the recent target price for DOGE is $1. Cryptocurrency trader Javon Marks also set a similar target price for DOGE, predicting its recent target price to be $0.65, which would be the highest price since May 2021. Marks stated that $DOGE will show strong momentum! It could rise nearly 180% and even break above $1.

The above indicators show strong market demand, and investors are actively accumulating DOGE, which may lead to further big pump. This is purely market observation and not any investment advice.

This article predicts that if Bitcoin continues to rise, the price of DOGE has a chance to increase by 180%, first appearing in Chain News ABMedia.