The technical analysis of DogeCoin (DOGE), the most valuable memo coin on the market, throws positive signals to investors.
The asset means that it has just formed a Golden Cross. This is a technical analysis pattern that is interpreted as a confirmation of bullish trends. It is worth clarifying that this occurs when a simple mobile average (SMA) of 50 days crosses above the 200 day SMA.
If Doge integrates this trend, he can go see Resistance of area between 0.25-0.27 dollars. The break to surpass the $0.30 barrier for assets to be overtaken is at a level not seen since February 2025.
In the following graph provided by TrainingView, in addition to the LILAC rectangle representing the resistance zone, SMA crossings (blue lines) for 50 days are observed above 200 SMA.
As you can see in the previous image, Golden Cross appeared at Doge’s prices at the end of 2024, up to $0.45.
For financial market analyst Ali Martinez, Doge gives enough urges to look for $0.27 as he is about to leave his bearish channel.
In any case, Golden Cross is not an indefinite indicator, so in addition to the fact that it acts as a factor that acts as a catalyst for the price of the longest Mimecoin on the market, it also needs to be made clear that Doge needs to have the required amount of trade.
One of these drivers is the release of the cited background (ETF) background. Like reported encryption, Grayscale, Bitwise, and 21 shares are some of the companies that have filed their respective applications with the U.S. Stock Exchange and the Securities Commission (SEC).
Bloomberg Intelligence analysts Eric Bulknath and James Seyfert believe that these financial products are 90% likely to be approved by October 17th.
Doge ETFs become easier Institutional investors join by direct contact with Doge’s regulated productsit could increase liquidity in the market without having to manage cryptocurrency. Although it does not guarantee a sustained rise, past experience shows that similar releases promote the value of other assets.
Another issue to highlight is that some companies (worthy of clarity, very few) have accumulated Doge as a reserve asset. One of them is Bit Origin Ltd (BTOG). This is the company cited in Nasdaq, which announced on August 6th it would sell up to $400 million in regular Class A stock and $100 million in convertible bonds.
Through this mechanism, the company is trying to fund Doge’s Treasury Department without having to rely on its operating income. When Memecoin arrives at its corporate balance, it provides greater visibility among the most institutional investors, potentially attracting more liquidity to its ecosystem.
From an investment that BTOG is planning to show another issue that can raise Doge’s prices: Integration into X Money, the payment platform X for social networks. And there are risky issues with this strategy. Because the success of the strategy is because X CEO Elon Musk decides to include Memecoin.
That is, if the entrepreneur doesn’t continue to “pompey” the dogge or use it for x money, his price may not take off like in the upward cycle of 2021.
Musk must be made clear that he has expressed his support for Doge since 2019 after being symbolically appointed by the dog Shiba Inu community as CEO.
Former Goldman Sachs executive Raulpal said Doge could reach a whole new level of adoption if it is included in the X. “Imagine Doge’s relationship, purchases, or payments on the world’s largest social network,” he said.
Anyway, it must be noted that despite these catalysts it is essential to attach to the macroeconomic context. The event that can raise Doge prices is the next meeting of the US Federal Reserve, which will be held in September.
The market plans that the Jerome Powell promoter will cut interest rates at least 25 base points. Currently these range from 4.25 to 4.50%.
This is important to take into account as interest rates drop, so does the cost of debt, and the system has more liquidity. Investors are trying to amplify their profits, They place their holdings in risky assets such as cryptocurrencies.
If the macroeconomic context was preferred, Doge was able to find the impulse that needed to move towards the resistor at over $0.30 and $0.50 and $0.60. However, the route can be long and complicated as many investors are likely to make profits along the way and limit progress.
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