DOGE: Golden Cross Incoming After 33% Pullback
This is DOGE on the Daily
This chart is screaming upside potential.
The move began with two higher lows off the 0.786 Fib level at \$0.15924. From there, price blasted through both the 50MA and 200MA straight into the 0.618 Fib at \$0.28336 — an 80% rally.
What followed was a healthy 33% correction, briefly pausing at the 0.5 Fib level (\$0.22135), which sits midway between the long-term 0.786 and 0.618 levels.
The dip stopped right at the 50MA, which once again acted as a springboard — sending price back above the 200MA, the BB center, and reclaiming the 0.5 Fib, which today is holding as support.
A golden cross is now imminent. The last time DOGE saw this setup was in early November 2024, which led to a 200% move.
In my opinion, today could offer a strong long opportunity — with a stop loss below the 0.5 Fib or even the 200MA, depending on your risk profile.
Always take profits and manage risk.
Interaction is welcome.
