• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Dogecoin: awaiting a third consecutive 'golden cross' in November

user avatar

by Giorgi Kostiuk

a year ago

Cryptocurrency Dogecoin may witness another 'golden cross', potentially signaling a rise in price.

Coverage of the 'Golden Cross'

Dogecoin is approaching a potential 'golden cross', where the 50-day moving average crosses above the 200-day moving average. The last 'golden cross' was recorded in November 2023.

Market Analysis and Predictions

Crypto analyst Ali predicts a parabolic bull run for Dogecoin in November upon a sustained close above $0.20. However, critics note that moving average crossovers are often lagging indicators.

Crypto analyst Ali predicts a parabolic bull run for Dogecoin in November upon a sustained close above $0.20.Ali

Risks and Investor Expectations

It is worth noting that in November 2022, Dogecoin lost 16% following a 'golden cross', while in November 2023, the price increased by 22%. Investors are cautiously watching for a potential repeat of this pattern in 2024.

If Dogecoin achieves another 'golden cross' in November, it would mark the third consecutive occurrence. Investors and analysts are closely watching market movements.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Revenue Discrepancy Affects Solana Validators

chest

The Solana network generates an impressive $14 billion annually; however, this revenue does not adequately support its validators, leading to negative returns and concerns about decentralization.

user avatarDavid Robinson

LINK Remains Under Key Moving Averages Amid Weak Market Momentum

chest

LINK remains below its 200-day moving average, indicating weak momentum and low investor conviction in the current market.

user avatarZainab Kamara

Solana Validator Count Plummets Amid Financial Struggles

chest

The Solana network has seen a dramatic decline in its validator count, dropping from 2,500 to just 795 since March 2023 due to financial struggles faced by many operators.

user avatarSon Min-ho

New Wallets Withdraw $198 Million in LINK from Binance

chest

A total of 1,567 million Chainlink (LINK), valued at approximately $198 million, has been withdrawn from Binance by 11 newly created wallets over the last three days.

user avatarJacob Williams

AI and Automation's Dual Impact on Cardano's Future

chest

The rise of AI and automation in trading is significantly impacting Cardano's price momentum, with potential for future revival as market conditions stabilize.

user avatarNguyen Van Long

Investor Behavior Reflects Labor Market Trends Impacting Cardano

chest

Investor behavior in the Cardano market reflects labor market trends, with hesitance from both liquidity providers and buyers, leading to ongoing price pressure.

user avatarKofi Adjeman

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.