Dogecoin Traders Eye 180% Rally Amid Bullish Momentum and Bitcoin Gains

Dogecoin (DOGE) is riding a wave of bullish momentum, with traders predicting a potential 180% price rally if Bitcoin’s upward trend continues.

Following a 38% surge in May—its strongest monthly performance of the year—Dogecoin is catching serious attention in the crypto space. The memecoin has gained in tandem with Ethereum, and according to CoinGecko data, recorded $4.7 billion in 24-hour trading volume, ranking it fifth among top cryptocurrencies, excluding stablecoins.

DOGE spot taker CVD. Source: CryptoQuant

This surge isn't just speculative hype. Several key technical and on-chain indicators support the bullish narrative.

Strong On-Chain Metrics Point to Accumulation

Recent data from CryptoQuant shows Dogecoin’s 90-day cumulative volume delta (CVD) is in "taker buyer dominant" territory—signaling more aggressive buying than selling. The last time this occurred was in November 2024, preceding a 385% rally to $0.48 in Q4 of that year.

Another bullish signal comes from Dogecoin’s long-term holder Net Unrealized Profit/Loss (NUPL), which has crossed above 0.5 for the first time since March 2025. A NUPL over 0.5 indicates that most holders are in profit and tend to hold rather than sell, supporting price stability and continued upward momentum.

DOGE long-term holder NUPL. Source: Glassnode

Technical Indicators Flash Bullish Signals

A bullish crossover in the Moving Average Convergence Divergence (MACD) indicator on Dogecoin’s weekly chart has historically preceded massive rallies. The current MACD crossover is the third since early 2024. Previous crossovers led to a 180% gain from January to March 2024, and a 385% rally from September to December 2024.

DOGE/BTC analysis by Trader Tardigrade. Source: X.com

Popular crypto analyst Trader Tardigrade shared a DOGE/BTC chart echoing a familiar setup from Dogecoin’s 2021 mega rally, where it skyrocketed 30,000% from $0.0024 to $0.739. He believes a similar parabolic move could play out, especially as Bitcoin’s current rally transitions into a sideways phase—a condition historically favorable for DOGE surges.

Price Targets: $0.65 and Beyond

Trader Tardigrade sees an immediate price target of $1, citing structural similarities to past rallies. Echoing this view, crypto trader Javon Marks forecasts DOGE climbing to $0.6533—a nearly 180% upside—and even breaking above the $1 mark. Marks emphasized Dogecoin’s recent formation of higher lows as a sign of “MAJOR STRENGTH.”

Dogecoin weekly analysis. Source: TradingView

Is DOGE Set for a Parabolic Rally?

Given the current bullish confluence—strong on-chain accumulation, positive long-term holder sentiment, and powerful technical patterns—analysts agree that Dogecoin may be on the verge of another breakout. With Bitcoin continuing its upward trajectory, DOGE could follow suit, eyeing price levels not seen since its all-time highs in 2021.

Summary:

Dogecoin’s bullish momentum, backed by strong technical and on-chain signals, could drive its price 180% higher, with $0.65 and $1 emerging as key targets if Bitcoin maintains its rally.