Dogecoin’s Golden Cross Sparks Hype After Meme Coin Doubles Over Last Week: Previous Cycle Saw A 7,000% Rally, Could History Repeat?
Posted On November 12, 2024
Dogecoin (CRYPTO: DOGE) has jumped more than 140% in the last seven days as traders spot a technical pattern that previously preceded a massive price surge in the meme cryptocurrency.
What Happened: A “golden cross” — where the 50-day moving average crosses above the 200-day moving average — has appeared in Dogecoin’s price chart. Cryptocurrency trader Mikybull Crypto highlighted on X (formerly Twitter) that a similar pattern in the last cycle preceded a 7,000% rally.
“The majority here don’t seem to understand the implication of this golden cross that just occurred on $DOGE,” the trader wrote.
The surge coincides with broader cryptocurrency market momentum, as Bitcoin (CRYPTO: BTC) reaches new all-time …
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