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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About The Author

Niels I have been passionate about dogecoin since 2019, and have since become an avid follower and advocate of the cryptocurrency. I keep a close eye on the Dogecoin market and trends, and I'm always up-to-date with the latest news and developments. As a true believer in the potential of dogecoin, I am excited to be a part of the growing community and I'm eager to share my knowledge and experience with others. When not busy with dogecoin, I enjoy golf, and I can often be found on the golf course.

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