Dogecoin alert: A ‘Golden Cross’ on price chart means DOGE will…

Like most cryptos, Dogecoin [DOGE] also didn’t disappoint investors, as it has registered consistent gains over the last week.

didn’t disappoint investors, as it registered gains over the last week. However, things can get better because DOGE price chart is awaiting a ‘golden cross’ within weeks., DOGE’s price increased by 6% in the last seven days. The bullish trend continued in the last 24 hours as the world’s largest memecoin’s price increased by over 3%.

If Dogecoin manages to break above the pattern, then investors would witness a golden cross. In that event, DOGE might begin a long-term bull rally.As per our analysis of Santiment’s data, Dogecoin’s MVRV ratio improved, which can be inferred as a bullish signal. At press time, the metric had a value of -4%.

Moreover, its NVT ratio also spiked, a hike in the metric means that an asset is overvalued, further hinting at a price correction soon.We then checked Dogecoin’s daily chart to better understand what to expect. The technical indicator MACD displayed the chances of a bullish crossover within a few hours if the memecoin maintains its bull rally.Additionally, the Money Flow Index was also resting near the oversold zone, which can increase buying pressure on the coin.

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