Dogecoin price is rangebound at ~0.000002 BTC, with traders awaiting a “god candle” to break the consolidation. Moving averages are converging and a potential 50/200 golden cross on the daily chart could trigger bullish momentum; a decisive break above $0.23 USD would confirm a renewed uptrend.
Dogecoin BTC consolidation: 0.000002 BTC with converging 50/200 SMAs.
Plans for a Dogecoin treasury company (House of Doge) are reportedly pitching to investors, seeking at least $200 million.
Key levels: DOGE/USD $0.217 current, $0.23 resistance; triangle pattern implies ~30% potential move on breakout.
Dogecoin price stays rangebound vs BTC; moving averages converge and treasury plans emerge. Read latest on Dogecoin’s BTC pairing, golden cross signals, and $0.23 resistance.
What is happening with Dogecoin price against Bitcoin?
Dogecoin price is trading near 0.000002 BTC and has consolidated between the 50-day and 200-day simple moving averages on the daily chart. The 50-day SMA has started to slope upward; a crossover (golden cross) would be a bullish technical trigger if accompanied by rising volume.
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Crypto trader Kaleo reiterated on Twitter that a “god candle” — a single, large bullish candlestick — is overdue in DOGE/BTC. Price action shows limited breakout attempts since the 0.00000244 BTC high. If moving averages cross and buying volume spikes, probability of a rapid upward candlestick increases.
Moving averages show trend direction and momentum. The 50-day SMA turning up while approaching the 200-day SMA raises the prospect of a golden cross, a classic bullish signal. For Dogecoin in its Bitcoin pairing, that technical setup often precedes stronger BTC-relative performance if volume confirms the move.
Fortune (reported as plain text) says Elon Musk’s lawyer Alex Spiro is involved in pitches for a Dogecoin treasury company. Sources quoted indicate a planned raise of at least $200 million and that House of Doge is positioned as the official corporate entity backing the proposal. No launch date or final structure has been disclosed.
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Source: https://en.coinotag.com/dogecoin-could-be-poised-for-breakout-on-btc-pairing-amid-treasury-vehicle-talks-and-possible-golden-cross/