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Could the price of Dogecoin reach $ 0.20 with a one -hour golden cross?

Dogecoin (Doge) formed a golden cross on the time frame for one hour, which usually shows that this leading currency in the M. is about to achieve strong gains. This intersection comes at a time when the DOGECOIN price is traded by 8 % today, July 3, to trade at $ 0.174 at the time of the press. Meme Token’s trading volumes increased by 142 % to $ 1.57 billion, a sign of a strong interest in the currency.

Dogecoin prices make up Golden Cross as Bulls target $ 0.20

The visible golden cross on the Dogoin price chart is on the graph for one hour. This signal is often a sign that the gains achieved by the currency currently achieves may continue, and the price may create a large gathering to the upward trend.

DOGE PRICE also formed a one -hour gold cross in June, and this led to a rise in the price from $ 0.18 to $ 0.20. The last step has extracted speculation about whether this could happen again, given that the bullish science has also appeared.

The bullifier supports the upheld prices, but the only way the price can gain, as this style suggests, is if it can cross the resistance of the upper direction line of the channel. Based on the height of this flag, this will support this 12 % to the resistance level of $ 0.20.

Buyers have also affected the performance of Doge Price in the past 24 hours, and this is clear from the RSI index, which is currently 56 years in size. This reading shows that the bullish momentum behind the DOGE PRICE movements, and the upper arrangement that the gold intersection may become strong.

Dogecoin price targets $ 0.20 as Golden Cross appearsDogecoin price targets $ 0.20 as Golden Cross appears
DOGE/USDT: One hour scheme (Source: Tradingview)

Coingaa analysis was also recently released, as he noticed that Dogecoin could rise by 125 % despite the dispute between US President Donald Trump and Elon Musk. Based on this analysis, if Dogecoin is able to exceed $ 0.20, the next target price will be $ 0.375.

Binance traders Al -Ajafa Al -Saudi

Traders at Exchange Bets put on the performance of the Dogecoin price, and this appears in the long/short percentage on the stock exchange. according to Data from Coinglass66 % of traders on this stock exchange opened long sites, while only 33 % have opened short jobs.

The price of Dogecoin seeks to recover as Binance traders open long jobsThe price of Dogecoin seeks to recover as Binance traders open long jobs
Long/short/short (Source: Coinglass)

The percentage of the long traders against the short coincides with a noticeable increase in the open interest, given that this scale has risen to $ 2.92 billion after profit 13 % in 24 hours.

When the majority of merchants open long sites on Altcoin, it shows that they expect to increase their price. In this case, traders speculate that the price of Dogecoin may rise to the resistance level of $ 0.20 as shown in the golden cross style and extends its gains.

In conclusion, the price of Dogecoin aims a strong transition to the upper side where the golden cross appears on the graph for one hour. This cross indicates that the trend acquires strength, and the price of the upper coin may be set for a strong step north.

Related questions (common questions)

The price of Dogecoin may rise after the formation of a golden cross, which usually indicates that the short -term trend is about to gain strength.

Binance traders are trading towards Dogoin after forming a bull science style that indicates an imminent move by 12 % to the upward trend.

The main resistance level of viewing at DOGECOIN price is at $ 0.20. If the bulls can overcome this resistance, the price may collect.

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Metouni

Muthoni Mary is an analyst and writer in the experienced encryption market that has more than three years of experience deciphering Blockchain trends, price movements, and market dynamics. She holds a Bachelor’s degree in (Financial) Trade from Kenyatta University, and mixes the strong academic basis with the sharp eye of technical analysis and a deep understanding of the data on the series. Its work provides clear data -based visions that enable investors to move in the area of ​​advanced digital assets with confidence. When the market does not analyze, Mary has reading and traveling.

Why confidence: Coingaape: Coingepe has covered the coded currency industry since 2017, with the aim of providing useful visions to our readers. Journalists and analysts bring years of experience in market analysis and Blockchain technology to ensure realistic accuracy and balanced reports. By following our editorial policy, our book is achieved from every source, and verifies each story, and they depend on the reputable sources, quotes and media properly. We also follow a strict review methodology when evaluating exchanges and tools. From Blockchain projects emerging and launching operations to industry events and technical developments, we cover all aspects of the area of ​​digital assets with a fixed commitment to the relevant information in time.

Leave responsibility: The content and the personal views of the author and the current market conditions reflect. Please do your own research before investing in encrypted currencies, because the author and the post is responsible for any financial losses.

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