Dogecoin Forms Golden Cross as Analyst Flags 35 Billion DOGE Support Level
Dogecoin formed a golden cross on hourly charts while an analyst identified a major on-chain support zone near 35 billion DOGE at $0.0813.
Why it matters
The golden cross is a widely watched technical indicator that can influence short-term trading sentiment, and the identification of a large on-chain support zone suggests potential price floors. However, with only a single source, the significance of these technical signals remains speculative and unconfirmed by broader market analysis.
Key facts
Dogecoin completed a golden cross on its short-term hourly chart.
Reported by U.Today
The 50-period moving average rose above the 200-period moving average on the hourly chart.
Reported by U.Today
Dogecoin was up 2.57% on the weekly timeframe.
2.57 %Reported by U.Today
Analyst Ali Martinez identified $0.0813 as a key on-chain support level for Dogecoin.
0.081 USDReported by U.Today
Nearly 35 billion DOGE were previously traded at the identified support level.
35,000,000,000 DOGEReported by U.Today
U.S. nonfarm payrolls jumped by 162,000 in August, ahead of the 53,000 consensus forecast.
162,000 jobsReported by U.Today
What happened
Dogecoin completed a golden cross on its short-term charts, with the 50-period moving average rising above the 200-period moving average on the hourly timeframe, according to U.Today. The pattern emerged after a price reversal that followed a stronger-than-expected U.S. jobs report showing nonfarm payrolls rose by 162,000 in August, well above the 53,000 consensus forecast. At the time of reporting, Dogecoin was trading at $0.0877, up 4.30% over 24 hours and 2.57% on the week. Crypto analyst Ali Martinez highlighted the $0.0813 level as a key on-chain support zone, noting recent whale accumulation at a price point where nearly 35 billion DOGE had previously changed hands. The report did not identify additional sources corroborating the golden cross formation or the support level analysis.
How the story developed
- First report
First report by U.Today
Dogecoin Golden Cross Meets 35 Billion DOGE Support: Potential Scenarios
- Update
Dogecoin forms golden cross on hourly chart
The 50-period moving average crossed above the 200-period moving average after a price reversal.
- Update
Analyst identifies major on-chain support zone at $0.0813
Ali Martinez highlighted the level where approximately 35 billion DOGE were previously traded.
Affected entities
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| U.Today Crypto media | Dogecoin Golden Cross Meets 35 Billion DOGE Support: Potential Scenarios | Original |
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