🚀 Is a sharp rise for DOGE imminent? A strong bullish signal appears again
✅ Key Points
Dogecoin (DOGE) has seen a significant increase recently, up 20% over the past week, although it is still far from its all-time high in 2021.
Analyst Omkar Godbole points to the emergence of a Golden Cross, a strong signal for price increases in the upcoming period.
✅ What is the Golden Cross?
It occurs when the 50-day moving average (MA50) crosses above the 200-day moving average (MA200).
This crossover indicates that short-term momentum is stronger than the long-term trend, which could lead to a significant bullish wave.
✅ Historical Performance of DOGE after Golden Cross
November 2024: Price increased by over 130% within 4 weeks after the Golden Cross appeared.
November 2023: Approximately 25% increase within one month after the signal appeared.
November 2020: The beginning of a massive bullish wave that lasted 4 months, with prices rising by over 1,000%.
✅ Current Situation
DOGE has risen by 7.6% in the past 24 hours and is currently trading at $0.243.
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