A well-known figure in cryptocurrency social media, has weighed in on the highly anticipated Golden Cross of Dogecoin. He emphasized the importance of a positive week ahead to set Dogecoin back on course.
Analyst, pointed out that Dogecoin has experienced two weeks of decline in a row, causing a slight setback. However, he emphasized that the cryptocurrency still needs several weeks of price increases to reach the Golden Cross, a significant milestone in the current bullish market.
Yomi’s Tweet Spurs Anticipation for Dogecoin’s Golden Cross
Yomi’s Insights and Dogecoin’s Performance: Yomi took to Twitter on Sunday to provide an update on Dogecoin’s awaited weekly Golden Cross. He stressed the importance of a positive week ahead to regain momentum. This comes as Dogecoin, known for its social media buzz during the 2020 and 2021 bull markets, sees a resurgence in 2024. Despite experiencing a notable drop from its peak of nearly $0.75, Dogecoin has surged by over 77% since the beginning of the year.
Update on #Dogecoin pending weekly Golden Cross. We are still multiple weeks of upward price action away from achieving this bull market milestone. 2 red weeks in a row have cause us to deviate slightly also. Need green soon to get back on track! #DOGE #Altcoins pic.twitter.com/QfdFSR24Uc
— Yomi (@OG_Yomi) April 15, 2024
Relevance of Yomi’s Tweet amid Bullish Sentiment: Yomi’s tweet gains significance amidst the prevailing bullish sentiment surrounding Dogecoin. The cryptocurrency has recently surpassed market caps of notable companies like Pinterest and DraftKings. Additionally, traders are eagerly awaiting DOGE Day on April 20, an annual event celebrating Kabosu’s 18th birthday and the unveiling of the Bronze Dog. This event is anticipated to ignite another round of enthusiasm for meme coins.
Expectations and Trader Perspective: Traders are setting high expectations, with one noting that the excitement won’t peak until Dogecoin reaches $0.25. This underscores the anticipation for Dogecoin’s performance in the upcoming weeks. Yomi’s analysis of the impending Golden Cross offers valuable insights into the potential trajectory of this popular cryptocurrency. At the time of writing, Dogecoin was trading 6.75% higher at $0.16.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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