Last Title: «July 9 Could Transform Crypto Forever – Here’s Why You Shouldn’t Miss It»
Dogecoin, the internet’s favorite meme coin, is catching serious attention again and for good reason. A powerful golden cross has just formed on Dogecoin’s hourly chart, signaling what many traders see as the start of a fresh bullish wave. But could this actually mean DOGE is ready to rocket higher this July? Let’s explore why this signal matters, what history tells us, and why waiting on the sidelines might mean missing out.
What exactly is a golden cross?
A golden cross happens when a shorter-term moving average, like the 50-hour moving average, crosses above a longer-term moving average, such as the 200-hour moving average. Traders around the world view this as a classic bullish indicator often marking the moment momentum shifts from neutral to upward.
For Dogecoin, this recent golden cross lines up perfectly with its price recovery as Bitcoin and other top altcoins hit new multi-week highs. According to CoinMarketCap, DOGE soared more than 9% in the last 24 hours alone, climbing back to around $0.1749 and regaining some ground lost over the previous month.
Why July could be different
Historically, July has offered Dogecoin a mixed track record:
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July 2021: DOGE closed down 18.18%
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July 2022: DOGE gained 2.53%
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July 2023: DOGE surged 17.19%
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July 2024: DOGE slipped by 1.99%
So far this July, DOGE is already up over 5%, suggesting the bulls might be gathering strength again. And while historical data alone can’t predict the future, these figures show that Dogecoin often moves sharply in either direction during this month meaning we could be on the brink of significant price action.
The bigger picture: momentum meets optimism
Beyond the technical charts, the market backdrop adds more fuel to the fire:
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Growing crypto adoption worldwide
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Recent dovish comments from Federal Reserve officials, boosting hopes for lower interest rates
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Renewed speculative enthusiasm in the altcoin and meme coin space
When retail traders start pouring in again drawn by media buzz and fear of missing out (FOMO) meme coins like Dogecoin tend to benefit first and fastest.
Why some traders won’t wait
Golden crosses on shorter timeframes like the hourly chart can kickstart quick bursts of momentum and sometimes set the tone for longer rallies. Combine that with fresh optimism in the broader crypto market, and it’s easy to see why many traders are choosing to act now rather than wait.
July has already begun on a strong note for Dogecoin, and if the bullish momentum holds, history suggests we could see an even stronger move in the weeks ahead.
⚠ Disclaimer: This article is for informational purposes only and should not be considered financial advice. Always do your own research before making investment decisions.
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