DOGE Anticipates a Bullish Run with 25% Rally, Sparking Price Surge
Dogecoin’s price has risen by over 3% in early trading on Wednesday, boosted by an uplift from Asian stocks, which are performing well on news of financial aid to companies from the People’s Bank of China. This has helped push cryptocurrencies higher in general, with Dogecoin now experiencing a critical upswing at a crucial time when its 55-day Simple Moving Average (SMA) has moved below the 200-day SMA, approaching “a Dead Cross.” If the SMA moves past this, it could enter into a Golden Cross and Dogecoin could see an uptick to $0.10, representing a 23% return. There exists a risk that the bullish sentiment subsides should the bearish tone in the US session re-emerge.
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