Dogecoin News Today: Dogecoin Forms Golden Cross at $0.2352 as Traders Eye Potential 130% Rally

Dogecoin has formed a golden cross for the first time since November, a technical indicator that historically has been associated with significant price surges. The golden cross occurs when the 50-day simple moving average (SMA) crosses above the 200-day SMA, signaling short-term momentum overtaking longer-term trends. While this is often interpreted as a bullish sign in technical analysis, it is not considered a reliable standalone predictor of market movements [1].

The recent golden cross appears on DOGE’s price chart as the 50-day SMA moved above the 200-day SMA, suggesting the potential for a new rally. This pattern has historically coincided with notable price increases in the past. For example, after a golden cross occurred on November 6, 2024, Dogecoin surged over 130% to 46 cents within four weeks. Similarly, on November 22, 2023, a golden cross preceded a 25% price jump in the same period. Another notable instance was in early November 2020, when a golden cross marked the start of a four-month bull run that saw Dogecoin’s price rise over 1,000% in four months [1].

Despite these historical correlations, the golden cross has shown a mixed track record across various asset classes, including equities and bitcoin. Investors are cautioned against relying solely on this indicator for making trading decisions, as it does not account for broader market conditions, macroeconomic factors, or shifting investor sentiment [1].

At the time of the golden cross, Dogecoin was trading at $0.2352, with a 5.29% increase in the short term. The price chart from TradingView shows the recent bullish crossover, raising hopes among traders and investors for a new upward trend [1].

However, given the volatile nature of meme cryptocurrencies and the speculative behavior often associated with them, the market remains unpredictable. While technical indicators like the golden cross can provide insight, they should be used in conjunction with other forms of analysis and risk management strategies.

Source: [1] Dogecoin to the Moon? DOGE Price Chart Forms Golden Cross for First Time Since November (https://www.coindesk.com/markets/2025/08/13/dogecoin-to-the-moon-doge-price-chart-forms-golden-cross-for-first-time-since-november)