Technical signal suggests Dogecoin prices could retest old all-time high
Summary ⚈ Dogecoin closed above its 50-day moving average for the first time in three months. ⚈ A monthly close above $0.20 could trigger a move surpassing the previous all-time high. ⚈ Analyst Ali Martinez predicts a potential rally to $0.9 based on technical patterns. Dogecoin (DOGE) prices have seen an 8.82% increase in the past seven days. On April 25, the original meme coin closed above its 50-day moving average (MA) on the 1-day timeframe for the first time in three months. By press time on April 28, DOGE was changing hands at a price of $0.17952, slightly below its 50-day MA of $0.18222. DOGE price 1-week chart. Source: Finbold As powerful a bullish signal as that is, one noted cryptocurrency technical analyst is positing that a monthly close above $0.20 could lead to a huge move to the upside. Channel up pattern suggests Dogecoin price rebound is around the corner A close above $0.20 would place Dogecoin prices significantly above the lower trendl...