đ„ Dogecoin alert: A âGolden Crossâ on price chart means DOGE willâŠ
đ Dogecoin's Bullish Momentum: Dogecoin (DOGE) gained 6% over the past week, with an additional 3% increase in the last 24 hours, currently trading at $0.1051. With a market cap exceeding $15 billion, itâs the 9th largest crypto.
đ Potential Golden Cross Ahead: Crypto analyst Kevin highlighted a down channel for DOGE, suggesting that if it breaks above this pattern, a "golden cross" could occur, potentially leading to a long-term bull rally.
đĄ Bullish Signals: According to Santiment data, DOGE's MVRV ratio improved to -4%, indicating a bullish signal. However, trading volume has dropped, showing investor hesitation, which could negatively impact the price.
â ïž Overvaluation Concerns: DOGEâs NVT ratio spiked, hinting at potential overvaluation and a possible price correction.
đ Technical Indicators: The MACD shows potential for a bullish crossover, while the Chaikin Money Flow and Money Flow Index (MFI) indicate increasing buying pressure, which could drive prices higher.
đ Support and Resistance Levels: If DOGE continues its rally, it may reclaim $0.11, where liquidation acts as resistance. Conversely, if bears take control, DOGE might drop to $0.10 in the coming days.
