Dogecoin Jumps as X Payments Handle Goes Live: What’s Next?

• DOGE formed a MACD golden cross as the price briefly reached $0.090. 
• Speculation around a possible DOGE payment on X triggered the price increase.
• If buying pressure increases, the coin may hit $0.11 in the short to mid term.

Not only did Dogecoin (DOGE) rise by 7.36% in the last 24 hours, but the coin also had its first Moving Average Convergence Divergence (MACD) golden cross on January 20. Trader Tardigrade revealed this after checking out the DOGE weekly chart. 

Will X Add DOGE to the Options?

The MACD golden cross occurs when a short-term Moving Average (MA) crosses over a major long-term MA. When this happens, it means the cryptocurrency’s movement is ready for a long upward run.

However, Dogecoin’s price did not suddenly jump without a known cause. Instead,  the launch of the X Payments handle fueled the surge. For context, X Payments is the financial segment of the X (formerly Twitter) platform. 

For a long time, Elon Mu…

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