You Won’t Believe What Dogecoin Is About to Do Next: Chekhov Would Roll Over

by

They said the world was changing, yet here we are – staring forlornly into the abyss of a coin adorned with the face of a dog. The town bank has nothing on this: Dogecoin (DOGE), that peculiar favorite of the masses, teasing us with the prospect of something called a “golden cross.” This, dear reader, is not a countryside scandal, but a technical thing, when the 50-period moving average dares to overtake the stately 200-period moving average. Imagine a horse overtaking its tired carriage. Or perhaps, as Uncle Vanya would say, imagine nothing at all.

Dogecoin, in its eternal indecision, has the 50-day average arched upwards-one ear perked. The 200-day average slumbers nearby. There’s talk in the parlors that the golden cross might materialize. Would this be remarkable? In 2025, it would be the first on the daily chart, and surely the dogs would bark for joy, or at least wag their metaphorical tails. 🐕

People still remember, perhaps too keenly, November 2024, when a golden cross sauntered in, and Dogecoin’s price leapt from $0.14 to $0.484 (as if the coin had found an old bottle of vodka in the shed). 227% – a number so surprising, it would’ve moved even Chekhov’s famously disinterested doctor. But not all crosses bring joy. In March 2025, a so-called death cross appeared. The price sank, much like Uncle Vanya’s mood after reading his niece’s poetry, reaching a low of $0.129 on a somber April morning.

These days, Dogecoin flirts with recovery, batting its eyelashes at $0.28, all the while hanging nervously above both moving averages – not committing, just lingering, reminiscent of a provincial love story. The positivity, if we dare call it that, is the price’s reluctance to lie beneath these averages. The air smells faintly of optimism, with a tinge of sarcasm-much like a promise from a drunk friend at midnight.

Potential scenarios

At the time of this writing – or, more precisely, staring out of a window, contemplating the dacha – DOGE sits at $0.23. For four consecutive days (Aug. 6 to 9), it rose, then, possibly remembering its own absurdity, dropped, now on its second day of a mild downward spiral. 🍃

The $0.25 level casts a shadow over Dogecoin, like a stern grandmother’s portrait. Will it cross? Will it fail? Only the winds of fate, or perhaps the cryptographers in dingy apartments, know. Should Dogecoin stitch together another golden cross, history suggests it might run playfully toward its previous highs, chased by “whales” and the ever-mysterious crypto rallies. Picture the local fish market when the sturgeon come in – except everyone has Wi-Fi.

One analyst, known only as Ali (perhaps a pseudonym for Chekhov’s next protagonist), declares, “Once Dogecoin (DOGE) clears $0.36, the path is clear. Targets reset to $0.70.” What drama! What possibilities! More likely, the coin will wander the steppe, consulting its moving averages, consoling bulls, and thinking about consolidating before a more convincing grand gesture. Or perhaps it will do nothing at all, and we’ll all go home vaguely disappointed, but certainly entertained. 🤷‍♂️

Read More

2025-08-11 17:40