Dogecoin time for bullish

Coinbase lists Dogecoin on a professional trading platform. Coinbase Pro said that users could switch DOGE to their professional trading accounts in a blog, and trading is expected on Thursday if liquidity conditions are met. They will immediately start accepting incoming DOGE transfers to Coinbase Pro. Trading will start on Thursday, June 3, if the conditions for liquidity are met, it is stated in the blog post from Tuesday. Initially, DOGE will be supported in five trading pairs, including DOGE / USD, DOGE / BTC, DOGE / EUR, DOGE / GBP and DOGE / USDT. The order books will be launched in three phases, starting only after the publication, followed by only the restriction, and then the full trade.
Coinbase CEO Brian Armstrong was the first to announce that the stock market would list DOGE during last month’s earnings call. The new list exposes DOGE to a new type of investor. Coinbase debuted on the Nasdaq on April 14 and is considered synonymous with high-value investors. Dogecoin is mainstream driven by a multitude of combinations of factors, including the apparent support of Elon Musk coins and the broad support of Robinhood traders. During the market frenzy, DOGA’s liquidations outperformed Bitcoin, underlining high demand for those assets. The Twitter activity surrounding DOGE also briefly surpassed the leading crypto assets at the beginning of the year.

Looking at the chart on the four-hour time frame, we see that Dogecoin managed to climb to 0.40000 at 32.8% Fibonacci level. We are now watching whether the break will be above that level by pushing the price at the next level to 50.0% at 0.47500. Dogecoin currently has good support in moving averages, coupled with the MACD indicator that gives us a bullish signal. We are back to the 23.6% Fibonacci level again for a pullback from this level, but we are in a bullish trend for now.