Dogecoin on verge of 50% rally, but one obstacle remains for Dogecoin

Dogecoin is at a critical resistance level near the 50-day simple moving average, priced at approximately 0.168 USD. A successful break through this level is essential for establishing a more significant bullish momentum.

A recent increase above the 23-day SMA hints at a revival of short-term bullish sentiment. Additionally, a golden cross could further indicate upward movement if confirmed, making the next few sessions vital for DOGE’s price action.