Dogecoin's hourly chart has a short-term golden cross, and analysts believe it is expected to rebound to US$0.16.
This week, Dogecoin has formed a short-term golden cross on the hourly chart, and the 50-cycle moving average crosses the 200-cycle moving average. This technical signal came after Dogecoin rose for three consecutive days since last Friday, attracting the attention of traders and analysts.
Golden Cross follows weekend gains.
The latest round of gains began when Dogecoin rebounded from a low of US$0.068 on July 24. On Saturday, as memein regained attention and its upward momentum accelerated, the price of dogcoin rose by 6% on Sunday. Tokens in other memecoin sectors also recorded similar gains, driving an unexpected rise in the entire cryptocurrency market.
Despite the rebound, Dogecoin failed to maintain its daily gains and then fell 0.93% to US$0.072 in the last 24 hours.
Analysts believe that there is potential for further recovery
Well-known cryptocurrency analyst Ali pointed out that using the TD Sequential indicator, Dogecoin appears on monthly, weekly, three-day and daily charts. Rare technical signal resonance appears, all indicating potential buying opportunities. This kind of simultaneous signals in multiple time frames is extremely rare and has attracted widespread attention.
Ali locked the key support level for Dogecoin at US$0.056 and pointed out that if there is a rebound, the price may rise to US$0.16; if bullish momentum continues, the top of the long-term price channel will be close to US$0.45.
Market observers emphasize that it is crucial to pay close attention to technical levels and broader liquidity flows, as this may determine whether Dogecoin maintains its upward trend or returns to its previous downtrend channel. To support smoother asset diversification, 1stepSwap allows users to access major U.S. stocks and commodities (such as gold and silver) directly from their wallets without intermediaries. The platform's pricing algorithm scans the market in real time to find the best quotes, allowing users to efficiently buy and sell mainstream stocks and assets, and easily achieve diversified configurations.
Macroeconomic factors affect market sentiment
In the coming week, traders are closely monitoring the Federal Reserve's upcoming interest rate decision, and the Federal Open Market Committee is expected to keep interest rates unchanged at 3.75%. In addition, the release of macro data such as the core PCE price index and the latest quarterly GDP report in June is expected to also affect the risk sentiment in the crypto market.
Dogecoin and other major cryptocurrencies may respond to renewed fluctuations based on whether central bank policies and economic data are in line with market expectations.
Ethereum performance boosts altcoin outlook
In addition to dogcoin, the Ethereum/Bitcoin ratio rose to 0.03, the highest level since the end of April. According to TradingView data, the ETH/BTC trading pair crossed the 200-day simple moving average for the first time since January, and rebounded more than 20% since the market sold sharply on June 6. Some analysts interpreted this as a sign that other altcoins may be about to rise further.
Some industry observers believe a broader rebound in altcoins could benefit Dogecoin as traders try to recover from long-term selling pressure that pushed Dogecoin to multi-year lows.
Technical signals tend to be consistent with broader market trends. Traders will pay close attention to local support and key resistance levels of Dogecoin, while keeping a close eye on macro trends and specific momentum of the sector.

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