DOGE Prints First 2-Week MACD Bullish Cross in Months

DOGE has recently printed its first 2-week MACD bullish cross in months, signaling a potential shift from an extended bearish phase. This development sets up the initial structure for a sustained advance, according to trader @TATrader_Alan.

The 4-hour chart shows DOGE trading at $0.08 within the Bollinger Bands, with upper resistance at $0.09 and lower support at $0.08. Both EMA50 and EMA200 are currently at $0.08, while RSI(14) is at 32.01 and remains neutral.

However, a death cross on the MACD(12,26) indicates that the bearish trend structure still needs to be cleared before any higher-timeframe reversal can gain traction. This suggests that investors should exercise caution when interpreting this bullish signal.