Dogecoin News Today: DOGE Golden Cross Signals Potential 300% Surge as $0.27 Resistance Looms

A certified market technician has issued a bullish price prediction for Dogecoin (DOGE), citing a rare technical signal known as the "golden cross." This event occurs when the 50-day exponential moving average (EMA) crosses above the 200-day EMA, often signaling a potential upward trend. According to Omkar Godbole, a Certified Market Technician (CMT), this crossover has just occurred for DOGE, following a 23.5% price increase over the past 30 days [1].

Historical data from previous golden cross events suggests a substantial price movement. In the past, DOGE surged by 300% in 45 days after such a signal. If this pattern repeats, DOGE could see a similar or even stronger move, potentially reaching $1 within the next 3 to 6 months [1]. The current momentum is further supported by increased trading volumes, which recently hit $4 billion in a single day—representing over 11% of DOGE’s circulating supply and indicating strong buying pressure as the price nears the $0.25 psychological level [1].

Technical indicators also support the bullish scenario. The Relative Strength Index (RSI) has crossed above the mid-line and the 14-day moving average, suggesting positive momentum. If DOGE breaks above the $0.27 resistance level, it could confirm the continuation of the upward trend [1].

In addition to DOGE, the broader cryptocurrency market is showing signs of strength. Bitcoin (BTC) has hit a new all-time high at $124,457, while Ethereum (ETH) is within 3.9% of its historical peak. Solana (SOL) has also reached $200, marking a significant milestone since February [1].

While the article also mentions a new meme coin inspired by Dogecoin—Maxi Doge (MAXI)—and its presale activity, such information is not relevant to the core price prediction and has been omitted in accordance with instructions [1].

The analysis by Godbole does not constitute investment advice but highlights a technical signal that has historically indicated strong price movements. Investors are encouraged to consider such patterns as part of a broader market analysis while recognizing that past performance does not guarantee future results.

Source: [1] Dogecoin Price Prediction: Golden Cross Appears for First Time in Years – $1 Could Be Just the Start (https://cryptonews.com/news/dogecoin-price-prediction-golden-cross-appears-for-first-time-in-years-1-could-be-just-the-start/)