Dogecoin (DOGE) Eyes $0.30 Amid Golden Cross and Whale Activity
Dogecoin (DOGE) has surged 5.3% today, reaching $0.2493, marking a 32% rebound from early August lows. This rally is fueled by a golden cross formation—where the 50-day moving average crosses above the 200-day moving average—signaling potential for further gains. Historically, such patterns have preceded significant price increases, with previous instances leading to rallies of up to 130% .
📈 Key Market Indicators:
Current Price: $0.2493
24-Hour Change: +5.3%
Market Cap: Approximately $33.38 billion
24-Hour Volume: Around $2.56 billion
Additionally, whale accumulation is on the rise, with over $200 million worth of DOGE purchased in recent sessions, indicating strong institutional interest .
🔮 Looking Ahead: Analysts are eyeing the $0.247 resistance level. A sustained close above this could pave the way for a rally toward $0.27 and potentially revisit February highs around $0.30 .
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