Dogecoin’s Wild Ride: Up 11%, Breakout Ahead? Maybe. Probably. Who Knows? 🚀

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Dogecoin (DOGE) is doing its best impression of a rollercoaster, currently trading at $0.21 after an 11% surge in the past 24 hours. This is after a not-so-glamorous drop earlier this week that had it crawling toward $0.18, but fear not-DOGE is no stranger to the drama. Trading volume during this wild ride hit a respectable $5.14 billion. 💸

But, let’s not get too excited. While DOGE may have bounced back, it’s still down 17% over the past week. So, is this the start of something great? Or just a brief pit stop before another dive into the abyss? Traders are, naturally, staring at the charts like they’re looking for the meaning of life in pixelated lines. 📉📈

MACD Crossover: Is DOGE Finally Getting Its Act Together?

On the 4-hour chart, DOGE has decided to grace us with a bullish MACD crossover, as noted by the ever-optimistic Trader Tardigrade (don’t ask, we’re still not sure who they are). The MACD line has sauntered above the signal line, and we’ve got some lovely green histogram bars popping up, which might, just might, indicate that the selling pressure is… easing? Hold your horses, though-this isn’t a guarantee of a moonshot. 🚀

After bouncing from the depths of $0.18, DOGE is showing a bit of stability above $0.21. Sure, it hasn’t reached last week’s high of $0.27, but it’s showing signs of a return to momentum. Could it be the start of a glorious return? Or will it trip on its own tail again? Time will tell. ⏳

The Bullish Pennant: No, It’s Not a Fancy Dog Costume

Trader Tardigrade (again) has spotted a bullish pennant on the 4-hour chart. Yes, a pennant. After a sharp upward move, the price action has tightened into two converging lines. This is often a signal that something is about to pop-usually upward, but occasionally sideways, like a dog chasing its own tail.

$Doge/4-hour#Dogecoin is forming a new bullish chart pattern following the crash.
A Bullish Pennant has appeared on the chart.

– Trader Tardigrade (@TATrader_Alan) October 13, 2025

With DOGE hovering around $0.21, a breakout above the pennant could push it past $0.22. But if it fails to maintain support, well, let’s just say the pattern will be… voided. And we all know how disappointing that can be. 😔

According to Trader Tardigrade’s monthly chart, DOGE is repeating some old moves from yesteryear, like a dog returning to its favorite nap spot. We’ve seen rallies of 300% and 500% before when the price tested this long-term trendline. And guess what? The same line is being tested again. Can history repeat itself? Or is DOGE just playing fetch with our hopes and dreams? 🤔

The Déjà Vu That Dogecoin Is So Fond Of

Analyst EtherNasyonaL (seriously, who comes up with these names?) pointed out that DOGE is following a very familiar setup. “The chart is showing the same pattern again,” they noted, probably while sipping on something far too caffeinated. This phase typically precedes larger rallies, so, fingers crossed. 🤞

The recent bounce has also been linked to a surge in open interest and a spike in on-chain activity. And hey, this is all happening as meme coins start to make a grand comeback. Could this be the beginning of something big, or are we all just eagerly waiting for a pizza to arrive while the oven’s still cold? 🍕

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2025-10-13 14:33