According to Trader Tardigrade, Dogecoin (DOGE) has formed a 20/50 EMA Golden Cross, ending a four-month downtrend and initiating a new uptrend. This technical indicator is widely recognized by traders as a strong bullish signal, often preceding significant price momentum shifts in the crypto market. The confirmation of a Golden Cross on the daily chart provides traders with actionable insight for potential long positions and increased trading volume. As meme coins remain highly sensitive to technical breakouts, this development may attract both retail and institutional attention, potentially impacting broader altcoin sentiment. Source: Trader Tardigrade on Twitter, May 13, 2025.

According to Trader_XO, the recent BTC perpetual swaps trade resulted in a loss as the price hit resistance, and the trader was forced to cut the position prior to a breakdown. This marks the first loss trading perpetual contracts on the long side this year. The daily RSI indicates an oversold condition, and high-timeframe EMAs and MAs are not favorable for bullish trades. The trader is monitoring for future setups.