Dogecoin (DOGE) Price Prediction: Golden Cross, Whale Buys, and $1 Hopes—Is DOGE Gearing Up for a Moonshot?
The post Dogecoin (DOGE) Price Prediction: Golden Cross, Whale Buys, and $1 Hopes—Is DOGE Gearing Up for a Moonshot? appeared on BitcoinEthereumNews.com.
Dogecoin is back in the spotlight following a mix of bullish signals and renewed interest from both retail and institutional investors. The memecoin, known for its lighthearted origins and powerful community backing, has recently seen a notable uptick in momentum, prompting speculation about whether the next big rally is just around the corner. Golden Cross Sparks Optimism Dogecoin price analysis shows an encouraging development on the hourly chart: a “golden cross” has formed, where the 50-period simple moving average (SMA) has crossed above the 200-period SMA. This classic technical indicator suggests strengthening upward momentum, especially following DOGE’s recent bounce back into the green. Dogecoin (DOGE) price formed a Golden Cross pattern on the 1-hour chart. Source: TradingView Although this pattern emerged in a shorter timeframe, it holds significance amid a market that has shown hesitancy. The DOGE price rose over 6% to $0.166 on the day the pattern appeared, extending its recent recovery. Still, technical caution remains. A death cross—where the 50-day SMA fell below the 200-day SMA—was observed on the daily chart last month, pointing to lingering bearish risks over longer timeframes. According to analysts, resistance is now building at $0.181 and $0.257, corresponding to daily SMA levels. If Dogecoin can break above these points, a stronger rally could be triggered. On the downside, the $0.142 and $0.129 levels serve as near-term support. Whale Activity Signals Confidence Beyond technical patterns, Dogecoin news in recent days highlights a significant surge in whale accumulation. On-chain data from Glassnode revealed that DOGE whales acquired 80 million tokens in just 24 hours. Historically, such large-volume transactions have often preceded sharp price increases, as they are seen as a vote of confidence from deep-pocketed investors. This whale behavior aligns with a larger trend of renewed interest in Dogecoin, driven in part by anticipation of…
Filed under: News - @ April 13, 2025 5:17 pm