According to U.Today, prominent crypto analyst Kev_Capital_TA has identified a potentially bullish technical indicator for Dogecoin (DOGE). In a recent post on X, the analyst highlighted the possibility of a 'golden cross' emerging for DOGE within the next 2-3 weeks. A golden cross is a chart pattern formed when the 50-week moving average price crosses above the 200-week moving average price, often viewed by technical analysts as a sign of a potential long-term bullish trend.

The significance of this for DOGE lies in its past performance. The last time a golden cross occurred for the popular meme cryptocurrency was in May 2021, which preceded a remarkable half-year price surge of over 18,000%. This rapid increase saw DOGE climb from $0.003 to a peak of $0.75 per coin. If history were to repeat itself with the emergence of another golden cross, and a similar price movement followed, DOGE could reach a price of approximately $23.40 per coin. This would translate to a market capitalization for Dogecoin exceeding $3.48 trillion.

While the possibility of a golden cross and subsequent price increase is intriguing, some market participants may view such a dramatic surge as highly improbable. They point to the maturing crypto landscape and the vast difference in Dogecoin's market cap compared to 2021.