Dogecoin’s hourly chart is setting up for its first short-term golden cross of July. The 50-period moving average is curling up and about to cross above the 200-period. That’s a bullish signal, at least on paper.
DOGE is trading around $0.0756, up about 2.8% in the last day. Not huge, but it’s a recovery from Tuesday’s low of $0.069. The crypto market as a whole is ending the week better than it started, and DOGE is riding that wave.
What’s driving this? Weak US jobs data took some pressure off. Lighter-than-expected numbers reduced expectations for a Fed rate hike. The Fed’s now expected to hold steady in the 3.50%–3.75% range through July and September. First hike priced in for October. That gave risk assets — crypto included — a boost.
But let’s be realistic. The $0.10 level is the big one. That coincides with the daily 200 MA, and DOGE hasn’t traded above it since November 2025. Before that happens, it needs to clear $0.089 (daily 50 MA) first.
Open interest is rising — up 6% to 14.34 billion DOGE worth about $1.09 billion. That’s the highest since May 16 and signals renewed demand for leverage.
Still, the broader structure is bearish. Lower highs and lower lows across most crypto assets. The bounce could just be a short-term technical reaction. Sustained buying pressure is what’s missing.
