$DOGE becomes one of the most profitable assets during this bear market, and it may stay thanks to rumors
from making yet another long-term reversal attempt. After reaching the aforementioned bottom at the $0.07 price level, Dogecoin reversed.
But in addition to a solid price performance, Dogecoin has been successfully moving upward, causing two exponential moving averages with 50- and 200-day periods to get closer to each other. The cross between two indicators will become a reversal signal for the meme coin and become the first cross between the 200- and 50-day MAs in more than two years.
As U.Today covered earlier, Dogecoin's fuel for this and previous rallies has been the rumor about Elon Musk's potential implementation of the meme coin on Twitter. However, there were no signs or findings that would confirm the integration of Dogecoin or any other cryptocurrency on the platform.
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