Dogecoin to the Moon? DOGE Price Chart Forms Golden Cross for First Time Since November

What to know:

Dogecoin has formed a golden cross, suggesting a potential major price surge.A golden cross occurs when the 50-day SMA moves above the 200-day SMA, indicating short-term momentum.

While historically linked to significant price increases, the golden cross is not a reliable standalone indicator.

Meme cryptocurrencies may soon heat up as their leader, dogecoin 

DOGE$0.2389,has formed a golden cross, hinting at a major price surge ahead.

A golden cross occurs when the 50-day simple moving average (SMA) of an asset's price moves above the 200-day SMA. The crossover indicates that the short-term momentum is now outperforming the longer trajectory, with the potential to evolve into a major bull run.

Dogecoin's averages crossed bullish early today. While the golden cross is seen as a positive indicator, it has a mixed record of predicting trends in most markets, including equities, bitcoin and DOGE. That makes it unreliable as a standalone indicator.#CPIWatch #Dogecoin‬⁩ #Doge🚀🚀🚀 #altseason #bullishyear