DOGE Confirms Golden Cross, but Next Move Depends on These Two Levels
Analysis
Price Impact
MedThe golden cross on the hourly chart is a bullish technical indicator. however, its formation amidst fresh selling pressure and the looming potential for a weekly death cross introduces uncertainty. key resistance and support levels will dictate the immediate price action.
Trustworthiness
MedPrice Direction
NeutralThe golden cross suggests a potential bullish move, but the current market weakness, retreating price from $0.075, and the negative rsi level indicate bearish pressure. the price is likely to trade between the identified support ($0.069) and resistance ($0.081) levels in the short term.
Time Effect
ShortThe golden cross is an hourly signal, making its immediate impact short-term. however, the mention of a potential weekly death cross in the coming weeks suggests a longer-term bearish outlook if it materializes.
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Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Dogecoin has completed a golden cross on its hourly charts, but the timing of the formation has traders watching closely for what comes next. Advertisement The MA 50 rose above the MA 200 on the hourly chart, completing a golden cross. This signal comes as the market faces fresh selling pressure, with Dogecoin itself trading in the red on a daily basis. DOGE/USD Hourly Chart, Image By TradingView The crypto market extended selling on Thursday, after Bitcoin rose to a monthly high of $65,500 on Wednesday, prompting some traders to take profits. On Thursday, investors will be monitoring retail sales data and jobless claims for further signs on the health of the economy. HOT Stories US Nets Just 15% of FTX's Shiba Inu (SHIB) Value; Bitcoin Does What AI Cannot, Binance Founder Explains; 70 Million XRP Lands in Millionaire Whale Wallets - Morning Crypto Report Shiba Inu Adds 60% in Weekly Spot Flows: Explaining What It Means for Price Health Two levels in focus Dogecoin sharply rose to $0.075 on Tuesday, but has since retreated. At the time of writing, DOGE was down 1.45% in the last 24 hours to $0.072 and up 0.62% weekly, according to CoinMarketCap . Advertisement The RSI stays below 50 on most timeframes; on the hourly chart, the RSI is at 37, a negative level which suggests a slight advantage to the bears. You Might Also Like Sun, 07/12/2026 - 03:12 $0 in a Week? Dogecoin ETFs Hit Quiet Stretch as Traders Await Comeback By Tomiwabold Olajide With the market flashing mixed signals, Dogecoin price might trend in either direction. Two levels come into focus: the resistance at $0.081 and the support at $0.069. Advertisement CoinMarketCap's "Altcoin Season" indicator remains range-bound, currently at 48/100 after dropping from 58/100 on Monday as investors moved focus back to Bitcoin. Traders are watching out for a potential death cross on the weekly chart, which is set to appear in the coming weeks. The last weekly death cross appeared in February 2023, with traders now watching for a potential repeat of history. In recent news, the Dogecoin Foundation's official corporate arm, House of Doge, has announced its Board of Directors. This includes leaders in institutional asset management, global consumer operations, and the digital asset industry. #Dogecoin News #Dogecoin