Dogecoin Appears Headed for a ‘Golden Cross’

Dogecoin (DOGE), the world’s largest meme cryptocurrency by market value, seems headed toward a repeat of the bullish “golden cross” technical pattern that presaged the early 2021 surge.
DOGE has demonstrated remarkable performance this year, with a price surge of over 70% and significantly outpacing bitcoin (BTC).
The 50-week SMA of the meme token’s spot price is now trending north and looks set to cross above the 200-week SMA in the upcoming weeks, confirming a golden cross.
The impending golden cross would be the first in over three years. The previous one, seen in early January 2021, presaged a four-month rally that saw prices surge over 8,000% to a record 76 cents.
Momentum traders frequently use moving-average crossovers as a part of a structured approach to identifying entry and exit points in the market.
Meme coins like DOGE lack real-world use cases and are mainly driven by speculation, making them more sensitive to fiat liquidity conditions and global interest-rate expectations.
During DOGE’s early 2021 run, interest rates were near or below zero worldwide, catalyzing unprecedented risk-taking across all corners of the financial market.