Dogecoin has flashed a golden cross on its hourly chart, a technical signal that typically points to a potential upside, but traders remain on edge as the broader market sentiment turns cautious. The MA 50 crossed above the MA 200 on the hourly timeframe, a pattern that often attracts buying interest. However, the formation arrives during a period of renewed selling pressure across crypto assets, with Bitcoin having retreated after touching a monthly high of $65,500.
At the time of writing, DOGE was trading around $0.072, down 1.45% in 24 hours and barely up 0.62% over the past week. The hourly Relative Strength Index (RSI) sits at 37, a bearish reading that suggests sellers still have the upper hand. Two price levels are now in sharp focus: resistance at $0.081 and support at $0.069. A clean break above resistance could ignite a recovery, while a loss of the support would likely trigger further downside.
Caution is also growing over a potential death cross forming on the weekly chart in the coming weeks — the last such weekly signal appeared in February 2023 and preceded sustained weakness. Meanwhile, the CoinMarketCap Altcoin Season indicator has slipped to 48/100 from 58/100, signaling that capital is flowing back toward Bitcoin. In a separate development, the Dogecoin Foundation’s corporate arm, House of Doge, has announced its new Board of Directors, which includes leaders in institutional asset management and digital assets, potentially setting the stage for future ecosystem growth.
