Dogecoin Forms Golden Cross, Analysts See Rebound Potential
Dogecoin has formed a golden cross on its hourly chart after staging a three-day rally that began last Friday.
The surge saw Dogecoin rise from $0.068 on July 24 to as high as 6% in a single day, with momentum accelerating over the weekend.
Despite failing to sustain daily gains and declining by 0.93% over the most recent 24-hour period, analysts see potential for further recovery, with one well-followed crypto analyst suggesting that a rebound could drive prices to $0.16.
This technical signal has drawn attention due to its infrequent occurrence on multiple timeframes, and market observers are closely tracking technical levels and broader liquidity flows to determine whether Dogecoin maintains its upward trajectory or returns to its previous downtrend.