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Dogecoin Regains Momentum After 'Black Sunday' Rout—Here's What Indicators Signal About The Memecoin's Next Moves

Popular dog-themed cryptocurrency Dogecoin (CRYPTO: DOGE) resumed its uptrend Monday, igniting a strong wave of optimism among bulls.

What happened: Dogecoin was up over 5% in the last 24 hours, recovering from the ‘Black Sunday' crash that eroded 28% of the value of the world's largest meme coin.

Dogecoin rose to an intraday high of $0.2924 in the evening hours before falling back to $0.26 due to profit-taking.

Well-known chartist Trader Tardigrade noted a bullish crossover of the Moving Average Convergence Divergence indicator, suggesting a potential shift in momentum toward an upward trend.


#Dogecoin MACD signals a Bullish Crossover on the 4-hour chart 🔥 $Doge is gaining upward momentum and could reverse into ...

Full story available on Benzinga.com

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