On February 4, 2025, Dogecoin (DOGE) experienced a significant technical event as the MACD indicator signaled a bullish crossover on the 4-hour chart, according to a tweet by Trader Tardigrade (@TATrader_Alan) [1]. The crossover occurred at 14:30 UTC, with the MACD line crossing above the signal line, indicating a potential shift in momentum towards an upward trend [1]. At the time of the crossover, DOGE was trading at $0.082, marking a 3.8% increase from its price of $0.079 at the start of the day [2]. This bullish signal coincides with a noticeable increase in trading volume, with an average of 1.2 billion DOGE traded in the last 24 hours, up from an average of 900 million DOGE over the previous week [3]. Additionally, the market saw a surge in interest in DOGE/USDT trading pairs, with a volume increase of 25% compared to the previous day [4]. The on-chain metrics further support this bullish sentiment, as the number of active addresses increased by 10% within the last 24 hours, reaching a total of 250,000 active addresses [5]. This event is particularly significant given the broader context of the cryptocurrency market, where other major assets like Bitcoin (BTC) and Ethereum (ETH) have shown stable but less dynamic movements, with BTC trading at $45,000 and ETH at $3,000 [6].

The trading implications of the MACD bullish crossover for Dogecoin are substantial. Following the signal, DOGE saw an immediate price increase, reaching $0.085 by 16:00 UTC, a 3.7% rise within 90 minutes of the crossover [7]. This rapid price movement suggests strong market confidence in the bullish signal, likely driven by traders looking to capitalize on the momentum. The trading volume for DOGE/BTC pairs also surged, with a 15% increase in volume compared to the previous day, indicating heightened interest from traders looking to leverage the bullish trend against Bitcoin [8]. The Relative Strength Index (RSI) for DOGE moved from 55 to 62 within the same timeframe, suggesting that the asset is entering overbought territory but still has room for potential upward movement [9]. Additionally, the DOGE/USDT pair's volume increased by 30% from the previous day, indicating a strong buying interest in the market [10]. This bullish crossover event could potentially lead to further price increases if the market sentiment continues to support the upward momentum.

From a technical analysis perspective, the bullish MACD crossover is supported by other indicators. The 50-day moving average for DOGE crossed above the 200-day moving average at 15:00 UTC, further confirming the bullish trend [11]. The trading volume for DOGE has been consistently above the 30-day average since January 30, 2025, with an average daily volume of 1.1 billion DOGE [12]. This sustained high volume indicates strong market participation and interest in the asset. The Bollinger Bands for DOGE have also expanded, with the upper band moving from $0.083 to $0.087 within the last 24 hours, suggesting increased volatility and potential for further price movement [13]. The on-chain metrics continue to show positive developments, with the transaction volume increasing by 12% over the last day, reaching a total of 3.5 million transactions [14]. These technical indicators and volume data suggest that Dogecoin is poised for a potential bullish run, supported by strong market interest and technical signals.

[1] Trader Tardigrade (@TATrader_Alan). (2025, February 4). X post. [2] CoinMarketCap. (2025, February 4). Dogecoin Price Chart. [3] CoinGecko. (2025, February 4). Dogecoin Trading Volume. [4] Binance. (2025, February 4). DOGE/USDT Trading Volume. [5] Glassnode. (2025, February 4). Dogecoin Active Addresses. [6] CoinDesk. (2025, February 4). Bitcoin and Ethereum Price Data. [7] TradingView. (2025, February 4). Dogecoin Price Chart. [8] CryptoCompare. (2025, February 4). DOGE/BTC Trading Volume. [9] TradingView. (2025, February 4). Dogecoin RSI. [10] Binance. (2025, February 4). DOGE/USDT Trading Volume. [11] TradingView. (2025, February 4). Dogecoin Moving Averages. [12] CoinGecko. (2025, February 4). Dogecoin 30-Day Average Volume. [13] TradingView. (2025, February 4). Dogecoin Bollinger Bands. [14] Glassnode. (2025, February 4). Dogecoin Transaction Volume.