{"id":19686,"date":"2024-11-11T21:00:04","date_gmt":"2024-11-11T21:00:04","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=19686"},"modified":"2024-11-11T21:00:04","modified_gmt":"2024-11-11T21:00:04","slug":"dogecoin-price-to-1-soon-textbook-weekly-golden-cross-shows-whats-coming-next","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=19686","title":{"rendered":"Dogecoin Price To $1 Soon? Textbook Weekly Golden Cross Shows What\u2019s Coming Next"},"content":{"rendered":"

The Dogecoin price could be gearing up to reach the coveted $1 All-Time High (ATH)<\/a> as the meme coin has just displayed a rare technical indicator known as the Textbook Weekly Golden Cross. Kevin, the crypto analyst on X (formerly Twitter) who identified this Golden Cross on the Dogecoin chart, predicted<\/a> that the pattern could set off a price rally toward the $1 mark.\u00a0<\/p>\n

Golden Cross Sparks $1 Target For Dogecoin Price<\/h2>\n

The world\u2019s largest meme coin, Dogecoin, has just completed the \u201cTextbook Weekly Golden Cross\u201c for the first time in four years<\/a>, signaling that higher prices are likely ahead. The Dogecoin price has been on a major bullish momentum this month<\/a>, and recent price movements suggest that the cryptocurrency is poised for an even greater price rally.\u00a0<\/p>\n

According to Kevin, a Golden Cross<\/a> typically occurs when the 50-day Simple Moving Average (SMA) crosses above the 200-day SMA on a chart. This 50 MA represents the average price of a cryptocurrency over a shorter term, while a 200 SMA<\/a> indicates a price average over a longer term.<\/p>\n

More often than not, during a Golden Cross formation, the shorter-term average moves above the longer-term average, which is usually considered a bullish signal that indicates a possible price uptrend. For the Dogecoin Textbook Weekly Golden Cross, the analyst has suggested that the meme coin could see greater upward momentum to new highs around the $1 price target<\/a>.<\/p>\n

Kevin shared a price chart Depicting Dogecoin\u2019s steady rise to new ATHs. With the Dogecoin price currently trading around $0.28, the analyst has highlighted several bullish targets<\/a> for the meme coin, with some even surpassing the $1 target.\u00a0<\/p>\n

Currently, at the 0.618 Fibonacci level<\/a>, the Dogecoin price is projected to surge to the 0.73838 Fibonacci level at $0.8. Additionally, the meme coin is expected to rise steadily towards the 1.0866 Fib between $0.95 and $1.1.\u00a0<\/p>\n

Notably, the crypto analyst disclosed that the last time the Dogecoin price experienced a Textbook Weekly Golden Cross was in 2020, during the previous crypto bull run. Kevin revealed that Dogecoin experienced a dip for weeks during that time, followed by a substantial rally to new ATHs. As a result, the analyst has urged investors to stay cautious, especially in the short term, as Dogecoin could display some volatility or experience a dip <\/a>before moving upwards.\u00a0\u00a0\u00a0<\/p>\n

Analyst Says Golden Cross To Drive DOGE Even Higher<\/h2>\n

In another X post<\/a>, crypto analyst Milkybull Crypto also announced that a Golden Cross has occurred on the Dogecoin weekly chart. However, instead of a $1 price target, the analyst has set a bullish target between $2 and $4 for Dogecoin.\u00a0<\/p>\n

The analyst is confident that this bullish price prediction<\/a> is possible this cycle, as Dogecoin has historically undergone what he describes as \u201dlife-changing rallies\u201c when this Golden Cross occurs. Currently, the price of Dogecoin is trading at $0.28, marking a 23.24% increase in just one day and an 84.66% surge over the past seven days, according to CoinMarketCap.\u00a0<\/p>","protected":false},"excerpt":{"rendered":"

The Dogecoin price could be gearing up to reach the coveted $1 All-Time High (ATH) as the meme coin has just displayed a rare technical indicator known as the Textbook Weekly Golden Cross. Kevin, the crypto analyst on X (formerly Twitter) who identified this Golden Cross on the Dogecoin chart, predicted that the pattern could […]<\/p>\n","protected":false},"author":0,"featured_media":19687,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-19686","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/19686"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19686"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/19686\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/19687"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19686"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19686"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19686"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}