DOGE +66.55% in 24 Hours Amid Strong Short-Term Momentum

On SEP 3 2025, DOGE rose by 66.55% within 24 hours to reach $0.20868, DOGE rose by 112.66% within 7 days, rose by 122.13% within 1 month, and dropped by 3154.43% within 1 year.

The recent surge in Dogecoin’s price has captured the attention of traders and observers, with the cryptocurrency posting a sharp 66.55% gain in the past 24 hours. This dramatic movement is part of a broader upward trend that has seen DOGE rise by 112.66% over the past week and 122.13% in the last month. While the price has plummeted by 3154.43% in the past year, the recent short-term performance suggests a significant shift in sentiment.

Technical indicators have shown strong support for the recent upward trajectory. The 50-day moving average has crossed above the 200-day line, signaling a potential bullish reversal pattern. In addition, the Relative Strength Index (RSI) has moved into overbought territory, which often precedes a pullback but also reflects intense buying pressure. Analysts project continued volatility as the market processes the recent momentum and assesses its sustainability.

Backtest Hypothesis

A backtesting strategy was designed to evaluate the performance of a hypothetical trading approach based on the technical indicators mentioned. The strategy uses the 50-day and 200-day moving averages to generate buy and sell signals. A long position is initiated when the 50-day average crosses above the 200-day average, and a sell signal is generated when the opposite occurs. The RSI is used as a supplementary filter: a buy signal is confirmed only when RSI is below 40, and a sell signal is reinforced when RSI is above 70.

This approach was tested on historical DOGE data to assess its effectiveness in capturing and capitalizing on similar market conditions. The goal is to understand whether the current technical signals align with the conditions that historically led to profitable trades. The results of this backtest would help traders determine the potential viability of such an approach in the current market environment.