Dogecoin's First Golden Cross in 4 Years: 3700% Rally to $3.8?

A significant pattern on Dogecoin's chart suggests further price spike. Gold crosses are bullish chart patterns that frequently presage large rallies for digital assets like DOGE. The Dogecoin price is creating its first golden cross in four years, a significant accomplishment.

Dogecoin Analyst Sees Golden Cross

Kevin Capital, a Dogecoin analyst, noted a key chart pattern. Crypto analyst: DOGE price movement over the previous two months has been moving it toward a Golden Cross.

When the 50-day and 200-day moving averages cross, a Golden Cross pattern is generated. Short-term moving averages frequently cross long-term averages from below.

The short-term and long-term MA have yet to cross, but the Golden Cross is likely. Kevin suggests the Golden Cross shape in the coming weeks in the article. Kevin says this would be the first Golden Cross in four years and might start a bullish comeback.

DOGE Could Reach $3.8

The completion of the Golden Cross pattern might push Dogecoin to a new high. The initial Dogecoin price goal with this arrangement is $0.93. This would be roughly 1,000% more than $0.1.

However, the crypto researcher thinks Dogecoin might rise farther. He predicts a “Huge out performance” that may push DOGE beyond $2.2. It would rise over 2,000%.

The Golden Cross formation's third and final Dogecoin price goal is $3.8. However, the analyst says this would need a “astronomical performance”. The growth from here would be almost 3,700%.

The crypto specialist said Dogecoin's valuation hinges on “how this economic liquidity cycle pans out.” The Dogecoin all-time high is $0.73, therefore an 800% gain will set a new high.

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