Skip to main content

Dogecoin Renewed Upward Trend To Continue? Bullish Cross Emerges On DOGE Chart

Popular digital asset and the largest dog-themed meme coin, Dogecoin, has notably shifted toward positive territory following the resurgence of the general crypto market over the past few days. With current bullish price action upholding, DOGE continues to make key moves that hint at a possible extension of the ongoing upward trend. 

Bullish Signal For A Dogecoin’s Continued Rally

Dogecoin’s recent price action is showing signs of life as the meme coin continues to push higher toward key resistance levels. In addition, DOGE has flashed a bullish crossover that is likely to bolster its renewed upward momentum in the upcoming days.

In an X (formerly Twitter) post, Trader Tardigrade, a market expert and investor, outlined a crucial move in DOGE’s 2-week time frame chart. After delving into the present price performance, Trader Tardigrade highlighted that the meme coin has made a bullish cross on the Stochastic Relative Strength Index (RSI).

Typically, this bullish cross is seen as an early sign of growing upside strength during a positive market condition. Given the resurgence of the market, this key move suggests that DOGE’s price may be preparing for a stronger upward rise.

Following a prolonged period of consolidation, the meme coin’s most recent signal could herald the start of a new leg higher in its ongoing recovery phase as sentiment continues to grow more optimistic.

Dogecoin

While DOGE has achieved a bullish cross on the Stochastic RSI, Trader Tardigrade underlined another critical development on the 2-week chart. Looking at the chart, the asset has witnessed a breakout from a Falling Wedge formation.

A falling wedge formation is a technical pattern characterized by two converging trendlines sloping downwards. Interestingly, this pattern typically hints at a potential trend reversal to the upside after an extended period of downside trend within the wedge.

Since the development is pointing to an upward trend, it will further fuel the renewed momentum, allowing it to revisit higher price levels. As Dogecoin hovers around key resistance zones following the breakout, the meme coin might be looking at its next major rally, reigniting the bull market phase.

DOGE’s Price Eyes A Massive Pump

Technical expert and trader Master Kenobi has also delved into DOGE’s performance, predicting that a huge surge is on the horizon. His prediction is based on Dogecoin’s price action, which aligns with past trends observed in 2017. According to the expert, a comparison of the current configuration with the circumstances in 2017 and the macro chart shows that DOGE has all the components needed for a big pump. 

While investors look forward to the meme coin’s next trajectory, the 3-day chart’s 21-day Exponential Moving Average (EMA) clearly shows the current state of the market. Meanwhile, other factors such as bullish divergence and RSI trendline breaching are supporting this outlook.

Dogecoin

from Bitcoinist.com https://ift.tt/WzAgL1h
Labels:

Comments

Post a Comment

Popular posts from this blog

Bitcoin ETFs Post Second Straight Week Of $500 Million Outflow — Details

The US-based spot Bitcoin ETFs (exchange-traded funds) recorded their second consecutive week of significant outflows over the last five-day trading period. This recent run of disappointing performances reflects the ongoing shift in investor sentiment in the United States. Over the past year, strong inflows into the US Bitcoin ETF market have constantly been associated with positive action for the BTC price. Fittingly, the price of Bitcoin has been consolidating over the past few weeks, struggling to pick up any real momentum. Bitcoin ETFs Record Fourth Consecutive Outflow Day According to the latest market data , the US Bitcoin ETFs registered a total daily outflow of $62.77 million on Friday, February 21. This latest round of withdrawals marked the fourth straight day (and the eighth day in the last nine trading days) that the crypto-based products would witness a net capital outflow. The Grayscale Bitcoin Trust (with the ticker GBTC) accounted for a larger percentage of Friday’...
Post a Comment
Read more

Bitcoin Goes Official: Texas Becomes 1st US State With BTC Reserve

Everything is big in Texas, many would say. Today, the state is looking past its current state of finances by adding Bitcoin to its coffers–and making things bigger in terms of its economic implications. Texas became the first US state to establish a crypto reserve . On March 7, 2025, legislators passed Senate Bill 21, which gives the green light to the state to direct public funds toward Bitcoin and other digital assets. The action has elicited both support and concern, with some viewing it as a prudent financial hedge and others warning of potential pitfalls. A Push For Bitcoin In The Lone Star State For months, Texas has been seeing increasing favor for the idea of a Bitcoin reserve. Senator Charles Schwertner introduced SB 778, a measure that proposes establishing a strategic stockpile. Including the top crypto asset into the state’s financial reserves was meant to help cushion inflation and economic uncertainty. Texas officials, especially Lieutenant Governor Dan Patrick, wh...
Post a Comment
Read more

Liczba milionerów kryptowalutowych wzrosła o 40%. Rynek przekracza 3,3 biliona dolarów

Rozwój rynku kryptowalut widać również bo liczbie osób, których portfel kryptowalutowy przekroczył milion dolarów. Według najnowszego raportu Henley & Partners, liczba inwestorów posiadających majątek przekraczający milion dolarów w cyfrowych aktywach wzrosła o 40% w ciągu ostatniego roku. Aktualnie na świecie jest już 241 700 milionerów, jeśli chodzi o waluty cyfrowe. Wzrost ten zbiegł się z historycznym momentem, gdyż w połowie 2025 roku kapitalizacja całego rynku kryptowalut przekroczyła 3,3 biliona dolarów . Bitcoin wciąż liderem wzrostów Największy udział w tworzeniu nowych fortun ma niezmiennie Bitcoin. Liczba posiadaczy portfeli BTC, których wartość przekracza milion dolarów, wzrosła aż o 70% rok do roku i wynosi dziś 145 100 . Jeszcze bardziej imponująco wygląda grupa tzw. Centymilionerów, czyli inwestorów posiadających ponad 100 milionów dolarów w Bitcoinie. Ich liczba wzrosła o 63% , osiągając poziom 254 osób. Co więcej, liczba miliarderów BTC podskoczyła do 17, notu...
Post a Comment
Read more