*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
▪️Over the next few months, DOGE's price shot up by over 8,000%, reaching an all-time high of $0.76.
▪️Right 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 ▪️of this range, its market cap would be up to $135.78 billion.
▪️ But it is not clear if these price jumps are actually going to happen, given what is going on in the market right now.
▪️Some people might say that these price predictions are based on too much optimism.
▪️ It is also worth mentioning that past performance is not a guarantee of future results.
▪️ Moving average crossovers can sometimes lead traders astray, especially on such chaotic markets like that of crypto.
