Dogecoin Golden Cross Ignites Bullish Buzz, But Traders Remain Cautious
Dogecoin (DOGE) has just flashed a golden cross, a classic bullish signal that has historically preceded major rallies — but analysts warn it’s no guarantee of continued upside.
The formation occurs when DOGE’s 50-day simple moving average (SMA) crosses above its 200-day SMA, suggesting a shift in momentum in favor of buyers. The signal appeared early Monday, drawing renewed attention to the meme coin as speculation swirls over a possible rally.
Golden crosses are often interpreted as bullish across traditional and crypto markets alike. However, they’re best used in conjunction with other indicators, as their standalone reliability remains mixed.
Historical Precedents:
- In November 2024, a golden cross marked the start of a 130% rally, with DOGE climbing to $0.46 in under a month.
- A similar signal in November 2023 led to a 25% gain over four weeks.
- And in late 2020, the pattern coincided with a 1,000% surge during a four-month bull run.
Despite this track record, technical analysts caution against overreliance on the signal alone. Broader sentiment, macro factors, and whale behavior often play a larger role in sustaining rallies.
DOGE was trading at $0.2416 at last check. Whether the latest golden cross leads to another explosive move — or fades amid broader market noise — remains to be seen.
