An analyst has pointed out a possible bullish MACD crossover for Dogecoin (DOGE) price.
The Moving Average Convergence/Divergence (MACD) indicator, which tracks the difference between two Exponential Moving Averages (EMAs), shows a potential crossover.
Previous instances of MACD crossovers led to rallies of 90% and 180% for DOGE price.
DOGE active addresses have recently reached a six-month high, indicating increased trading activity on the network.