Crypto Trader Notes That Dogecoin (DOGE) Is Shaping a Bullish Pattern Known for Sparking Significant Rallies

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    <p>A prominent cryptocurrency expert and market observer, Ali Martinez, is currently optimistic about the most well-known memecoin in terms of market value.</p>
    <p>Martinez <a target="_blank" href="https://x.com/ali_charts/status/1841322213024444556" rel="noopener" target="_blank">shares with</a> his audience of 73,200 on the digital platform X that the Moving Average Convergence/Divergence (MACD) indicator, which gauges the momentum and trajectory of a market trend, appears to be on the verge of a bullish crossover in Dogecoin's (<a target="_blank" href="https://dailyhodl.com/currencies/dogecoin" rel="noopener" target="_blank">DOGE</a>) weekly chart.</p>

    <p>The cryptocurrency strategist and market participant remarks,</p>
    <p><em>“Historically, whenever Dogecoin manifested a bullish crossover on its MACD weekly chart, there followed surges of 90% and 180% in its value accordingly.”</em></p>
    <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 1063px" class="wp-caption aligncenter"><img decoding="async" class="wp-image-190710 size-full" src="https://pbs.twimg.com/media/GYzhZMQWkAQ_jlg?format=jpg&name=small" alt="" width="1063" height="499"/><figcaption id="caption-attachment-190710" class="wp-caption-text">Source: Ali Martinez/X</figcaption></figure>
    <p>Martinez also <a target="_blank" href="https://x.com/ali_charts/status/1841094628281381190" rel="noopener" target="_blank">points out</a> that there’s an observable "significant growth" in Dogecoin's network activity, highlighting a substantial week-over-week growth in new addresses.</p>
    <p><em>“Observing the network over the past week reveals a remarkable 72% growth in new DOGE addresses, even attaining a peak of 19,630 freshly created addresses within just the previous day!”</em></p>
    <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 1063px" class="wp-caption aligncenter"><img decoding="async" class="wp-image-190710 size-full" src="https://pbs.twimg.com/media/GYzhcoEXEAQC73G?format=jpg&name=small" alt="" width="1063" height="499"/><figcaption id="caption-attachment-190710" class="wp-caption-text">Source: Ali Martinez/X</figcaption></figure>
    <p>As of the current update, Dogecoin's value is at $0.105.</p>
    <p>Focusing on Bitcoin (<a target="_blank" href="https://dailyhodl.com/currencies/bitcoin" rel="noopener" target="_blank">BTC</a>), the analyst <a target="_blank" href="https://x.com/ali_charts/status/1841159390428115314" rel="noopener" target="_blank">asserts</a> a possible shift in trend based on Bitcoin's recent behavior on the daily chart.</p>
    <p><em>“Today's assessment suggests Bitcoin has established both a higher low and a higher high, an indication that its price movement may have transitioned from a bearish to a bullish trend.”</em></p>
    <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 1063px" class="wp-caption aligncenter"><img loading="lazy" decoding="async" class="wp-image-190710 size-full" src="https://pbs.twimg.com/media/GYzh4KzWkAAA8fC?format=jpg&name=small" alt="" width="1063" height="499"/><figcaption id="caption-attachment-190710" class="wp-caption-text">Source: Ali Martinez/X</figcaption></figure>
    <p>Bitcoin's price stands at $60,880 at the moment of publication.</p>
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