Major Meme Coin and probably the most popular, Dogecoin (Doge) was in a technical structure that could become the beginning of a new bull impulse, but there is one key level standing on the path of any real movement: a 50-day simple sliding average.
Currently, about $ 0.168 ranges, and until this resistance leaves, the potential for a greater breakthrough simply sits in a limbo.
Recently, DOGE managed to advance above the 23-day SMA, which suggests that the short-term bullish impulse may have been rebooted because this is not a mass rally, but this is enough to indicate that buyers can restore control after a week of sweat in trend.
The next real obstacle is that a 50-day sliding middle line that can cause a real breakthrough if it is broken, and it is possible to move to a 200.247 dollar is about $ 0.247 is about 50% of the current levels, and this is not as far-fetched as it sounds when you look at the technical installation.
Adding another level of conviction in the installation is the potential formation of the Golden Cross between 23-day and 50-day curves, which, if it ends, will be a classic technical signal that enhances the idea that Dogecoin is preparing to achieve up.
But this is not the type of installation that immediately guarantees that the liba, more about the slow assembly of structural signals, each of which is on the top of the other.
At the moment, the next few sessions are crucial for memes. A steady break above the 50-day SMA will turn this quiet phase of consolidation into a much more aggressive bull phase, but without this everything can be nothing more than an unsuccessful breakthrough.
