Dogecoin on Verge of First Major 2025 Golden Cross: Potential Scenarios
Main Idea
Dogecoin (DOGE) may be approaching its first golden cross of 2025, a technical indicator that could signal a potential price increase, with key resistance levels and market activity being closely monitored.
Key Points
1. Dogecoin's 50-day SMA is turning upwards and may soon cross above the 200-day SMA, marking its first golden cross on the daily chart in 2025.
2. The last golden cross in November 2024 saw DOGE's price rise from $0.14 to $0.484, a 227% increase.
3. DOGE is currently trading at $0.23, facing resistance at $0.28, with the $0.25 level being a key short-term watch point.
4. Crypto analyst Ali suggests that clearing the $0.36 level could pave the way for DOGE to reach $0.70.
5. Increased whale activity and broader crypto market trends could influence Dogecoin's price movement.
Description
This would be first of its kind in 2025
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