Born from a meme, Dogecoin has established itself as a paradox of cryptocurrencies: both a joke and a serious asset.

This Saturday, the price of DOGE surprised with a rebound of 6%, reaching $0.166. Behind this rise, a rare technical signal on the hourly chart reignites the speculation.

The price of Dogecoin (CRYPTO: DOGE) surprised with a 6% rebound on Saturday, as it rose to $0.166. This rise follows a rare technical signal on the hourly chart, which has reignited speculation. However, amid conflicting indicators and recent news, the trajectory of the crypto dog remains enigmatic.

What Happened: On the hourly chart, the crypto is showing a golden cross—where the 50-day moving average crossed above the 200-day moving average. This signal is typically interpreted as favorable wind for buyers.

However, this glimmer of optimism deserves some nuance. Golden crosses over shorter periods, like one hour, carry less weight than their daily or weekly counterparts. Especially in a context where crypto DOGE has been navigating between $0.129 and $0.205 for several weeks now, without a clear direction.

But why does this rebound attract attention? The answer lies in the volume: 71 million DOGE exchanged in 24 hours. A figure that reveals unusual activity. Traders seem to be reacting to the convergence between the technical signal and a global market that has turned green again. The question remains whether this hourly dynamic can influence the overall trend.

For the daily horizon reminds us of a less rosy reality. A death cross—the 50-day moving average below the 200-day moving average—has persisted since mid-March. This duel between indicators creates a palpable tension: buyers are playing the short-term card, while sellers maintain a structural advantage. The coming days will be decisive.

If crypto DOGE manages to cross the $0.181, then $0.257, the bulls will regain control. Otherwise, supports at $0.142 and $0.129 will become critical.

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Beyond The Charts: As technical indicators sketch a contrasting score, Dogecoin is betting on concrete advancements to attract interest. The release of Libdogecoin 0.1.4, an open-source library in the C language, marks a step towards simplifying integration into third-party applications. A technical tool, yes, but symbolic: it reminds us that behind the folklore, developers are working to sustain the project.

Another sign of maturity: the launch of a Dogecoin ETP by 21Shares (OTC:EGYPY), in partnership with House of Doge, on the SIX Swiss Exchange. These structured products, often reserved for “serious” assets, could attract institutional investors who are hesitant in the face of traditional platforms. An unexpected legitimization for a crypto born from a meme.

These announcements raise a question: what if Dogecoin finally escaped its status as a purely speculative vehicle? The ETP offers a regulated entry point, while Libdogecoin facilitates use cases. Together, they could anchor DOGE in the crypto ecosystem beyond market moods. A bold but necessary bet to transform volatility into credibility.

Additionally, discover the BNB Chain, which is actively preparing its power-up starting in April.

Maximize your Cointribune experience with our "Read to Earn" program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits. Fascinated by Bitcoin since 2017, Evariste has continuously researched the subject. While his initial interest was in trading, he now actively seeks to understand all advances centered on cryptocurrencies. As an editor, he strives to consistently deliver high-quality work that reflects the state of the sector as a whole.