Dogecoin Price Prediction: Golden Cross Appears for First Time in Years – $1 Could Be Just the Start
Main Idea
Dogecoin (DOGE) shows bullish signals with a golden cross formation and rising trading volumes, potentially targeting $1, while a new meme coin, Maxi Doge (MAXI), gains traction in presales.
Key Points
1. A 'golden cross' (50-day and 200-day EMA crossover) has appeared for Dogecoin, historically signaling significant price surges, with DOGE already up 23.5% in 30 days.
2. DOGE trading volumes surged to $4 billion in a day, representing over 11% of circulating supply, indicating strong buying pressure as it approaches $0.25.
3. Technical analysis suggests a potential 324% upside to $1 for DOGE within 3-6 months if it breaks above $0.27, supported by RSI and momentum indicators.
4. Maxi Doge (MAXI), a new Dogecoin-inspired meme coin, raised $900,000 in presales, with 25% of proceeds allocated to buying promising tokens during the meme coin season.
5. Bitcoin and Ethereum are near all-time highs ($124,457 and $4,891 respectively), while Solana (SOL) surpassed $200, reflecting broader crypto market bullishness.
Description
Market analyst Omkar Godbole has shared a bullish Dogecoin price prediction that sees the token exploding within the next few weeks after a strong buy signal popped up in the daily chart. Godbole, who is a Certified Market Technician (CMT), highlighted that a rare event called a ‘golden cross’, which is a crossover between the 50-day and 200-day exponential moving averages (EMAs) has already occurred as DOGE has booked a 23.5% gain in the past 30 days. The last time this buy signal showed up, th...
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