Dogecoin’s 50-day SMA is on track to cross the 200-day SMA, signaling a possible bullish momentum shift in the coming days.
DOGE price has maintained levels above both key moving averages after recovering from April lows, now trading near $0.23.
Analysts eye a break above $0.25 as the next target before testing higher resistance, with $0.29 and $0.36 as possible milestones.
Dogecoin is nearing a potential golden cross on its daily chart for the first time this year. The bullish signal occurs when the 50-day simple moving average moves above the 200-day simple moving average. Current chart data shows the 50-day SMA turning higher and approaching the 200-day SMA.
The last time Dogecoin achieved this formation was in November 2024. At that time, the price climbed from $0.14 to $0.484 within a month. That move represented a gain of more than 200 percent. Market watchers note that a repeat of such momentum could provide a notable boost to the asset if conditions align.
Earlier Death Cross in 2025
This year’s moving average patterns have shown both extremes. In March 2025, Dogecoin formed a death cross, the opposite of a golden cross. This followed a steady decline that pushed the price to $0.129 by April 7. Since then, the market has recovered, helping the asset regain its place above both the 50-day and 200-day SMAs.
At press time, Dogecoin trades near $0.23 after a recent four-day rally from August 6 to August 9. That rally reached a high of $0.248 before profit-taking set in, leading to a slight pullback. The price action marks the second day of a decline from that recent high.
Key Levels to Monitor
Market focus is now on the $0.25 resistance level. A decisive move above this price could open the way toward $0.29. Analysts also highlight $0.36 as an important breakout point. Beyond this, historical patterns suggest potential for testing the $0.70 level if bullish momentum strengthens.
If the golden cross materializes, it could confirm the current upward trend. Increased buying activity, especially from larger holders, may accelerate gains. Broader cryptocurrency market strength would further support the move. Alternatively, consolidation could occur as the market builds strength before any larger advance.
