Dogecoin Explodes For 86% Weekly Gain: What Is Going On?

Dogecoin’s (CRYPTO: DOGE) monster rally has traders speculating about elevated price targets.

What Happened: The apex meme coin is up 19% on the day, 86% over the past week and an impressive 162% over the past 30 days, with 94% of holders in profit.

Crypto analyst Kevin pointed out on X that Dogecoin has completed a “Golden Cross” on the weekly chart, where the 50-day simple moving average (SMA) crossed above the 200-day SMA.

Historically, this formation has preceded significant rallies but can initially result in a brief pullback. The trader advises short-term caution, especially as …

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