đ±đ Dogecoin on alert: the Golden Cross is here!
The famous technical signal that has sometimes triggered historic rallies is resurfacing. But what exactly does this mean for DOGE?
đ Golden Cross explained
A Golden Cross occurs when the 50-day moving average (SMA50) crosses above the 200-day SMA. In concrete terms, this shows that short-term momentum is outpacing the long-term trend, a sign that the market could be moving strongly.
đ A look back at Dogecoin's history:
November 2024: +130% in 4 weeks after the signal, DOGE at $0.46
November 2023: +25% following the formation
November 2020: Legendary rally of +1,000% in 4 months
đĄ This data shows that the Golden Cross doesn't guarantee a massive rally every time, but it can trigger significant moves for Dogecoin.
đ What the analysts say
Experts see this signal as a possibility of a new bull market for DOGE. The increase in trading volume reinforces this potential. However, they recommend caution and risk management, as the market remains volatile.
đŻ Technical Outlook:
Short term: Target $0.15$ to $0.18
If volume is strong: Possible rise towards $0.25
Bearish scenario: Volatility remains to be monitored
â ïž Conclusion
The November 2024 Golden Cross is attracting the attention of traders and crypto enthusiasts. History has shown that this signal can trigger powerful moves, but caution remains essential.
đŹ What do you think of this return of the Golden Cross for DOGE? Share your opinion in the comments!
