Dogcoin $0.246186 (Doge) increased by 7 percent in the middle of the rise wind felt throughout the crypto currency market and increased to $ 0.24. The popular Altcoin carried its weekly earnings to 19 percent with this rise. In the technical graph, the “Golden Cross” formation emerged with the 200 -day simple moving average (SMA) 200 -day SMA. The table in question raised the possibility of a strong rise for Doge.
Golden Cross Signal on Doga Coin’s graph
The Golden Cross formation, which appeared in the technical view, was formed by cutting the long -term trend of the short -term trend up. This is my momentum Dog It offers a structure that turns in favor. In other words, the weight of short -term buyers has increased. Although the signal alone does not guarantee the rise, it strengthens the sense of direction in the price movement.
Golden Cross The past examples of the signal are quite remarkable. After the signal on 6 November 2024 altcoinThe price of 130 percent in four weeks leaped up to $ 0.46. The signal on 22 November 2023 resulted in an increase of approximately 25 percent in the same time period. Past data opens the door to a possible acceleration.
Analyst Chris StonkHe said that the historical range of the relative power index (RSI) in the monthly graph is close to the lower band, so the upward potential has not yet been fully activated. According to him, the current position leads to the perception that Dogecoin is a relative discount among large -scale subcoins. Although investor pricing is cautious in the short term, it smells of opportunities in the medium term.
Short -term scenarios for Dogecoin from analysts
Dogecoin has been moving around $ 0.22 for a long time. Despite intense whale mobility, a clear breakage could not be produced. On the rise in the Altcoin market in July, many coins were left behind while making a premium in the 30-40 percent band. Still in the hourly graphics Flag-Flating Formation He points out that Altcoin collects power. It nurtures the search for a short -term rest direction.
Popular analyst Ali Martinezthat the price of the last break can be carried to $ 0.27 in the short term. expressed. In this scenario, the volume is required until the resistance turns into support. Short -term retreats may be intermediate stops that test the validity of the formation.
Kaleo that he sees a image similar to January 2021 in the DOMAN/BTC parity. said. Analyst added that corporate interest may intensify, treasury companies can make billions of dollars in the future and noted the $ 6,9420 level as a “key target ..
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
