Altcoins News
By Steven Anderson
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Dogecoin (DOGE) is catching the eye of traders as it forms an hourly golden cross on its chart, signaling potential bullish momentum.
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A golden cross occurs when a short-term moving average, such as the 50-period Simple Moving Average (SMA), crosses above a longer-term moving average, like the 200-period SMA.
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However, despite the golden cross on the hourly chart, Dogecoin faces a more cautious outlook on its daily chart.
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The key question for traders now is whether Dogecoin can hold onto its recent momentum and break through critical resistance levels.
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On the flip side, if the bullish momentum fades and profit-taking takes hold, support levels at $0.142 and $0.129 may come into play.
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Additionally, there have been some positive developments in the Dogecoin ecosystem. The recent release of Libdogecoin version 0.1.
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In conclusion, while the formation of a golden cross on the hourly chart suggests potential for further price increases, Dogecoin must first break through key resistance levels…
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