Dogecoin ($DOGE) spent most of this year stuck under the $0.27 barrier. Shadow-fam market voice Altcoin Sherpa recently pointed out on X. He shared a glimpse of optimism, saying the setup “finally pretty good for it to have a run (soon). Once $BTC breaks ATH strongly, $DOGE should do well.” He added that the weekly chart “looks pretty solid”, and mentioned it’s more a buy-and-hold opportunity than an active trade. It is a sentiment many long-term holders will nod along to.
Recently, $DOGE has retraced from earlier August’s lows, but not by much. Today’s action has sent it rallying roughly 9.2%, on the back of herd-level interest: whales are snapping loose $3.99 billion of volume, which helped trigger a bounce from the $0.19 support zone. The meme coin regained ground despite lingering 30% losses from late-July highs.
Meanwhile, the 50-day moving average has just crossed above the 200-day, forming what’s called a golden cross. Seen across markets, this can hint at the start of a sustained rally. Yet, as experts remind us, golden crosses are more conversation-starters than foolproof signals.
blockchainreporter.net
