š Dogecoin Primed for Liftoff? DOGE Prints First Golden Cross Since NovemberāIs the Moon Next?
Dogecoin's chart just flashed its most bullish signal in nearly a year. The meme coin's 50-day moving average sliced through the 200-day MAāa golden cross last seen when DOGE was trading 60% lower.
Technical traders are scrambling. Golden crosses historically precede major rallies, but let's be realāthis is Dogecoin we're talking about. The same asset that once rallied because Elon Musk wore a Doge shirt on SNL.
Will history repeat? The pattern suggests upside, but remember: in crypto, even 'technical analysis' often boils down to guessing which billionaire will tweet next. Meanwhile, Wall Street quants are probably shorting DOGE while sipping $28 artisanal lattes.
That said, most of DOGE's previous big moves unfolded with the appearance of the golden cross. For instance, prices surged over 130% to 46 cents in four weeks following the occurrence of the golden cross on Nov. 6, 2024. Prices surged 25% in four weeks after the averages crossed bullish on Nov. 22, 2023.
Similarly, a golden cross happened in early November 2020, marking the onset of a major four-month bull run that saw prices rally over 1,000% in four months.
Let's see if history repeats itself.