Dogecoin Price Eyes $1 After Bullish Breakout Signals Flash Again

By: the market periodical|2025/05/13 22:45:04

Key Insights:Dogecoin posts 38% monthly gain, strongest performance of 2025.Weekly MACD crossover signals potential breakout to $0.65–$1 range.Buyer-led spot volume suggests strong accumulation and reduced sell pressure.Dogecoin (DOGE) has posted its strongest monthly performance of 2025, gaining 38% so far in May. The surge tracked Ethereum’s rally and came as Bitcoin approached a new all-time high.Data from CoinGecko showed DOGE recorded $4.7 billion in trading volume over the past 24 hours, ranking fifth among non-stablecoin assets. That puts the memecoin ahead of competitors in terms of short-term market activity, reinforcing growing interest from traders.Aggressive Buying Volume ResurfacesOn-chain data points to increased accumulation from retail and institutional wallets. According to CryptoQuant, Dogecoin’s 90-day spot taker cumulative volume delta (CVD) has flipped buyer-dominant, indicating more aggressive buys than sells.DOGE spot taker CVD. Source: CryptoQuantThe last time this metric showed buyer dominance was in Nov. 2024. Back then, DOGE gained 385% within a few weeks, peaking at $0.48 by year-end. Analysts now interpret the current CVD uptick as a precursor to similar price action.DOGE long-term holder NUPL. Source: GlassnodeDogecoin’s long-term holder net unrealized profit/loss (NUPL) metric has also crossed 0.5 for the first time since March. This suggests that most long-term holders are in profit, reducing their likelihood to sell, according to Glassnode. Historically, such conditions favor price stability and potential rallies, as investors tend to hold rather than take profits.MACD Bullish Crossover Flashes AgainTechnical analysts have zeroed in on Dogecoin’s weekly moving average convergence divergence (MACD) crossover.DOGE/USD 1-day chart. Source: TradingViewAccording to Bitcoinsensus, Dogecoin is on the verge of completing its third bullish crossover since 2024. Previous instances coincided with price surges of 165% and 330% respectively.The analyst noted: “This signal is now flashing with price being much higher than the last 2 times.” Based on past performance, the next upside target could reach as high as $0.72, with the possibility of testing the psychological $1 mark.Chart Patterns and Breakout Signals IntensifyTrader Tardigrade shared a new technical pattern forming on Dogecoin’s 4-hour chart. “New Bull Pennant has been established on the $DOGE H4 chart,” the trader wrote on X. The projected target from the breakout stands at $0.37.Source: Trader Tardigrade/XIn a separate analysis, Tardigrade drew attention to the DOGE/BTC pair, which is replicating a setup that led to Dogecoin’s historic 30,000% rally in 2021. The analyst highlighted that the pair’s formation could imply another breakout phase if Bitcoin stabilizes.Source: Rekt Capital/XMeanwhile, Rekt Capital noted that DOGE is retesting its pre-halving resistance as new support. “Hold green and at least $0.27 would be next,” the analyst posted, referring to the zone acting as a local support level.The cumulative effect of these signals supports the bullish momentum in Dogecoin’s chart structure. The convergence of multiple indicators gives traders a broader basis for short-term bullish bias.Analysts Target $0.65 to $1 Based on StructureCrypto trader Javon Marks also weighed in, projecting that DOGE is preparing for another steep leg up. “$DOGE now showing MAJOR STRENGTH after setting Higher Lows!” Marks posted. He identified $0.6533 as a realistic upside target, calling for a potential 180% rally.Javon Mark/XMarks added that prices could break even higher, bringing $1 into view. That would mark Dogecoin’s first return to that level since its 2021 bull cycle.DOGE currently trades around $0.28, which remains above the $0.25 resistance zone flipped during the early May breakout. With Bitcoin and Ethereum showing signs of consolidation, traders now look to DOGE as a possible high-beta play amid the broader market rally.With multiple bullish indicators flashing across the weekly and 4-hour timeframes, analysts argue that the memecoin could be gearing up for a breakout toward $0.65 or even $1. Whether these setups confirm, however, will likely depend on Bitcoin’s short-term consolidation and broader sentiment in altcoin markets.DisclaimerIn this article, the views and opinions stated by the author or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.Moses KThe post Dogecoin Price Eyes $1 After Bullish Breakout Signals Flash Again appeared first on The Market Periodical.

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Mixin has launched USTD-margined perpetual contracts, bringing derivative trading into the chat scene.

The privacy-focused crypto wallet Mixin announced today the launch of its U-based perpetual contract (a derivative priced in USDT). Unlike traditional exchanges, Mixin has taken a new approach by "liberating" derivative trading from isolated matching engines and embedding it into the instant messaging environment.

Users can directly open positions within the app with leverage of up to 200x, while sharing positions, discussing strategies, and copy trading within private communities. Trading, social interaction, and asset management are integrated into the same interface.

Simplified Trading Experience: No KYC Required, Opening a Position in Five Steps

Based on its non-custodial architecture, Mixin has eliminated friction from the traditional onboarding process, allowing users to participate in perpetual contract trading without identity verification.

The trading process has been streamlined into five steps:

· Choose the trading asset

· Select long or short

· Input position size and leverage

· Confirm order details

· Confirm and open the position

The interface provides real-time visualization of price, position, and profit and loss (PnL), allowing users to complete trades without switching between multiple modules.

Social-Native Trading: Strategy and Execution Completed in the Same Context

Mixin has directly integrated social features into the derivative trading environment. Users can create private trading communities and interact around real-time positions:

· End-to-end encrypted private groups supporting up to 1024 members

· End-to-end encrypted voice communication

· One-click position sharing

· One-click trade copying

On the execution side, Mixin aggregates liquidity from multiple sources and accesses decentralized protocol and external market liquidity through a unified trading interface.

By combining social interaction with trade execution, Mixin enables users to collaborate, share, and execute trading strategies instantly within the same environment.

Referral Mechanism: Non-institutional users can receive up to 60% fee split

Mixin has also introduced a referral incentive system based on trading behavior:

· Users can join with an invite code

· Up to 60% of trading fees as referral rewards

· Incentive mechanism designed for long-term, sustainable earnings

This model aims to drive user-driven network expansion and organic growth.

Self-Custody Architecture and Built-in Privacy Mechanism

Mixin's derivative transactions are built on top of its existing self-custody wallet infrastructure, with core features including:

· Separation of transaction account and asset storage

· User full control over assets

· Platform does not custody user funds

· Built-in privacy mechanisms to reduce data exposure

The system aims to strike a balance between transaction efficiency, asset security, and privacy protection.

A New Path for On-Chain Derivatives

Against the background of perpetual contracts becoming a mainstream trading tool, Mixin is exploring a different development direction by lowering barriers, enhancing social and privacy attributes.

The platform does not only view transactions as execution actions but positions them as a networked activity: transactions have social attributes, strategies can be shared, and relationships between individuals also become part of the financial system.

Regulatory Background

Mixin's design is based on a user-initiated, user-controlled model. The platform neither custodies assets nor executes transactions on behalf of users.

This model aligns with a statement issued by the U.S. Securities and Exchange Commission (SEC) on April 13, 2026, titled "Staff Statement on Whether Partial User Interface Used in Preparing Cryptocurrency Securities Transactions May Require Broker-Dealer Registration."

The statement indicates that, under the premise where transactions are entirely initiated and controlled by users, non-custodial service providers that offer neutral interfaces may not need to register as broker-dealers or exchanges.

About Mixin

Mixin is a decentralized, self-custodial privacy wallet designed to provide secure and efficient digital asset management services.

Its core capabilities include:

· Aggregation: integrating multi-chain assets and routing between different transaction paths to simplify user operations

· High liquidity access: connecting to various liquidity sources, including decentralized protocols and external markets

· Decentralization: achieving full user control over assets without relying on custodial intermediaries

· Privacy protection: safeguarding assets and data through MPC, CryptoNote, and end-to-end encrypted communication

Mixin has been in operation for over 8 years, supporting over 40 blockchains and more than 10,000 assets, with a global user base exceeding 10 million and an on-chain self-custodied asset scale of over $1 billion.

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