{"id":652558,"date":"2024-11-11T21:00:04","date_gmt":"2024-11-11T21:00:04","guid":{"rendered":"https:\/\/uniquehot.com\/?p=652558"},"modified":"2024-11-12T04:44:08","modified_gmt":"2024-11-12T04:44:08","slug":"dogecoin-price-to-1-soon","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/dogecoin-price-to-1-soon\/","title":{"rendered":"Dogecoin Price To $1 Soon? Textbook Weekly Golden Cross Shows What’s Coming Next"},"content":{"rendered":"
The Dogecoin price could be gearing up to reach the coveted $1 <\/span>All-Time High (ATH)<\/span><\/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,<\/span> predicted<\/span><\/a> that the pattern could set off a price rally toward the $1 mark.\u00a0<\/span><\/p>\n The world\u2019s largest meme coin, Dogecoin, has just completed the \u201cTextbook Weekly Golden Cross\u201c for the <\/span>first time in four years<\/span><\/a>, signaling that higher prices are likely ahead. The Dogecoin price has been on a <\/span>major bullish momentum this month<\/span><\/a>, and recent price movements suggest that the cryptocurrency is poised for an even greater price rally.\u00a0<\/span><\/p>\n According to Kevin, a <\/span>Golden Cross<\/span><\/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 <\/span>200 SMA<\/span><\/a> indicates a price average over a longer term.<\/span><\/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 <\/span>$1 price target<\/span><\/a>.<\/span><\/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 <\/span>bullish targets<\/span><\/a> for the meme coin, with some even surpassing the $1 target.\u00a0<\/span><\/p>\nGolden Cross Sparks $1 Target For Dogecoin Price<\/h2>\n