Popular dog-themed cryptocurrency Dogecoin (CRYPTO: DOGE) resumed its uptrend Monday, igniting a strong wave of optimism among bulls.
What happened: Dogecoin was up over 5% in the last 24 hours, recovering from the ‘Black Sunday’ crash that eroded 28% of the value of the world’s largest meme coin.
Dogecoin rose to an intraday high of $0.2924 in the evening hours before falling back to $0.26 due to profit-taking.
Well-known chartist Trader Tardigrade noted a bullish crossover of the Moving Average Convergence Divergence indicator, suggesting a potential shift in momentum toward an upward trend.
Full story available on Benzinga.com