Dogecoin Is Making A Strong Comeback, But Is The Trend Reliable?

Born from a meme, Dogecoin has established itself as a paradox of cryptocurrencies: both a joke and a serious asset. This Saturday, the price of DOGE surprised with a rebound of 6%, reaching $0.166. Behind this rise, a rare technical signal on the hourly chart reignites the speculation. But amid conflicting indicators and recent news, the trajectory of the crypto dog remains enigmatic.

Dogecoin and the Golden Cross: A Flash in a Cloudy Sky

On the hourly chart, the crypto Dogecoin has drawn a golden cross — the 50-day moving average crossed above the 200-day moving average. A signal typically interpreted as a favorable wind for buyers.

However, this glimmer of optimism deserves nuance. Golden crosses over short periods, like one hour, carry less weight than their daily or weekly counterparts. Especially in a context where crypto DOGE has been navigating between $0.129 and $0.205 for weeks, without a clear direction.

But why does this rebound attract attention? The answer lies in the volume: 71 million DOGE exchanged in 24 hours.

A figure that reveals unusual activity. Traders seem to be reacting to the convergence between the technical signal and a global market that has turned green again. The question remains whether this hourly dynamic can influence the overall trend.

For the daily horizon reminds us of a less rosy reality. A death cross — the 50-day moving average below the 200-day moving average — has persisted since mid-March.

This duel between indicators creates a palpable tension: buyers are playing the short-term card, while sellers maintain a structural advantage. The coming days will be decisive.

If crypto DOGE surpasses $0.181, then $0.257, the bulls will regain control. Otherwise, supports at $0.142 and $0.129 will become critical.

Beyond the Charts

As technical indicators sketch a contrasting score, Dogecoin is betting on concrete advancements to attract interest.

The release of Libdogecoin 0.1.4, an open-source library in C language, marks a step towards simplified integration into third-party applications. A technical tool, yes, but symbolic: it reminds us that behind the folklore, developers are working to sustain the project.

Another sign of maturity: the launch of a Dogecoin ETP by 21Shares, in partnership with House of Doge, on the SIX Swiss Exchange.

These structured products, often reserved for “serious” assets, could attract institutional investors who are hesitant in the face of traditional platforms. An unexpected legitimization for a crypto born from a joke.

These announcements raise a question: what if Dogecoin finally escaped its status as a purely speculative vehicle? The ETP offers a regulated entry point, while Libdogecoin facilitates use cases. Combined, they could anchor DOGE in the crypto ecosystem beyond market moods. A bold but necessary bet to transform volatility into credibility. Additionally, discover the BNB Chain, which is actively preparing its power-up starting in April.