*Dogecoin (DOGE) on Verge of First Golden Cross in 4 Years
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A golden cross happens when an asset's short-term moving average crosses above its long-term moving average, which usually means a bullish trend is starting. The last time this pattern occurred on Dogecoin was in early January 2021
âȘïžOver the next few months, DOGE's price shot up by over 8,000%, reaching an all-time high of $0.76.
âȘïžRight now, Dogecoin is trading at $0.10 with a market cap of $14.67 billion. The technical outlook suggests that the price could reach as high as $0.93, $2.27 or even $3.80, depending on market conditions and the broader economic liquidity cycle.
If DOGE reaches the lower end âȘïžof this range, its market cap would be up to $135.78 billion.
âȘïž But it is not clear if these price jumps are actually going to happen, given what is going on in the market right now.
âȘïžSome people might say that these price predictions are based on too much optimism.
âȘïž It is also worth mentioning that past performance is not a guarantee of future results.
âȘïž Moving average crossovers can sometimes lead traders astray, especially on such chaotic markets like that of crypto.