Let’s dive into the charts to see what’s happening.
A Golden Cross is a powerful bullish signal that occurs when a short-term moving average (often MA(7) or MA(25)) crosses above a long-term moving average (like MA(99)). This crossover usually suggests that momentum is shifting in a positive direction, often followed by strong upward price movement.
Looking at the DEGO/USDT chart, we see some interesting setups. Currently:
MA(7) (short-term) is trending above MA(25) (medium-term) and is approaching MA(99) (long-term).
If MA(7) crosses above MA(99), it would signal a Golden Cross, showing that short-term momentum is gaining strength and aligning with a positive long-term trend.
Right now, DEGO is hovering close to this crossover point. If we see MA(7) cross above MA(99) in the next few sessions, this could confirm the Golden Cross. But remember, markets are dynamic, and nothing is guaranteed.
Bottom line: If the Golden Cross does form, it might signal a strong buy opportunity. Keep an eye on the charts, as this could be a significant moment for DEGOUSDT Finance!