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Dogecoin On The Verge Of First Golden Cross In 4 Years, What Happens Next?
The post Dogecoin On The Verge Of First Golden Cross In 4 Years, What Happens Next? appeared on BitcoinEthereumNews.com. The Dogecoin (DOGE) outlook is currently bullish, as technical indicators suggest that a golden cross is set to appear on the meme coin’s chart. Based on history, such development could mark the beginning of a massive rally for DOGE. Dogecoin On The Verge Of A Golden Cross Crypto analyst Kevin (formerly OG Yomi) mentioned in an X (formerly Twitter) post that Dogecoin is two to three green weeks away from seeing its first weekly golden cross in four years. The analyst added that DOGE enjoyed a 6-month price rally and price gain of 18,000% the last time the meme coin saw a weekly golden cross. Source: X A golden cross occurs when the 50-day moving average (MA) rises above the 200-day MA. This technical indicator is considered a bullish signal as it usually indicates a strong bull market. As such, a weekly golden cross for Dogecoin will confirm that an imminent parabolic rally is on the horizon for the foremost meme coin. Dogecoin has so far failed to show any significant strength in this market cycle even as other foremost mee coins like Pepe (PEPE) continue to hit new highs. However, crypto analysts like Crypto Kaleo have asserted that the “king of memes won’t be left behind” in this bull run and have predicted that DOGE will still have its moment. Crypto analyst Javon Marks also recently provided a bullish narrative for Dogecoin, stating that the meme coin’s most recent pullback looks more like a shakeout and that DOGE is almost ready for a massive rally to $0.6533. Marks claimed that this price target is well in play as DOGE is holding well above the resisting trend. The analyst added that it is only a matter of time before Dogecoin enjoys this price rally of over 378%. Source: X Interestingly,…
The post Dogecoin On The Verge Of First Golden Cross In 4 Years, What Happens Next? appeared on BitcoinEthereumNews.com.
The Dogecoin (DOGE) outlook is currently bullish, as technical indicators suggest that a golden cross is set to appear on the meme coin’s chart. Based on history, such development could mark the beginning of a massive rally for DOGE. Dogecoin On The Verge Of A Golden Cross Crypto analyst Kevin (formerly OG Yomi) mentioned in an X (formerly Twitter) post that Dogecoin is two to three green weeks away from seeing its first weekly golden cross in four years. The analyst added that DOGE enjoyed a 6-month price rally and price gain of 18,000% the last time the meme coin saw a weekly golden cross. Source: X A golden cross occurs when the 50-day moving average (MA) rises above the 200-day MA. This technical indicator is considered a bullish signal as it usually indicates a strong bull market. As such, a weekly golden cross for Dogecoin will confirm that an imminent parabolic rally is on the horizon for the foremost meme coin. Dogecoin has so far failed to show any significant strength in this market cycle even as other foremost mee coins like Pepe (PEPE) continue to hit new highs. However, crypto analysts like Crypto Kaleo have asserted that the “king of memes won’t be left behind” in this bull run and have predicted that DOGE will still have its moment. Crypto analyst Javon Marks also recently provided a bullish narrative for Dogecoin, stating that the meme coin’s most recent pullback looks more like a shakeout and that DOGE is almost ready for a massive rally to $0.6533. Marks claimed that this price target is well in play as DOGE is holding well above the resisting trend. The analyst added that it is only a matter of time before Dogecoin enjoys this price rally of over 378%. Source: X Interestingly,…
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