Dogecoin

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Prominent crypto analyst&nbsp;<a href="https://x.com/Kev_Capital_TA/status/1815925206562591168" rel="noopener noreferrer nofollow">"Kev_Capital_TA"</a> has identified a potentially bullish technical indicator for&nbsp;<a href="https://u.today/elon-musk-and-dogecoin-founder-stun-crypto-community-with-posts-about-truth" rel="noopener noreferrer nofollow">Dogecoin (DOGE)</a>. In a recent X post, the analyst highlighted the possibility of a "golden cross" emerging for DOGE within the next 2-3 weeks.
A golden cross is a chart pattern formed when the 50-week moving average price crosses above the 200-week moving average price. This pattern is often viewed by technical analysts as a sign of a potential long-term bullish trend.
The significance of this for DOGE lies in its past performance. The last time a golden cross occurred for the popular meme cryptocurrency was in May 2021, which preceded a remarkable half-year price surge of over 18,000%. This rapid increase saw DOGE climb from $0.003 to a peak of $0.75 per coin.
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 <a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Dogecoin</a> is 2-3 green weeks away from seeing its first weekly golden cross in 4 years. The last time this occurred <a href="https://twitter.com/hashtag/DOGE?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#DOGE</a> went parabolic for 6 straight months going up 18,000%. <a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Altcoins</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Crypto</a> <a href="https://t.co/Ow8JGMPndB" rel="noopener noreferrer nofollow">pic.twitter.com/Ow8JGMPndB</a>— Kevin (@Kev_Capital_TA) <a href="https://twitter.com/Kev_Capital_TA/status/1815925206562591168?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 24, 2024</a>
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If history were to repeat itself with the emergence of another golden cross, and a similar price movement followed,&nbsp;<a href="https://u.today/dogecoin-doge-market-cap-back-above-20-billion-while-wif-posts-double-digit-gains" rel="noopener noreferrer nofollow">DOGE</a> could reach a price of approximately $23.40 per coin. This would translate to a market capitalization for&nbsp;<a href="https://u.today/major-dogecoin-downtrend-might-finally-be-over" rel="noopener noreferrer nofollow">Dogecoin</a> exceeding $3.48 trillion.
While the possibility of a golden cross and subsequent price increase is intriguing, some market participants may view such a dramatic surge as highly improbable. They point to the maturing crypto landscape and the vast difference in Dogecoin's market cap compared to 2021.

Dogecoin Golden Cross Alert: Is DOGE Set for 18,000% Rally?

U_Today

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