Dogecoin Price Chart Signals Golden Cross — Could a Major Rally Be on the Horizon?
Jakarta, Pintu News – Amid an overall crypto market rally, the price of Dogecoin jumped 7% to $0.24, extending its weekly gain to 19%. DOGE’s price chart shows the formation of a Golden Cross pattern, which is often considered a potential signal of a major rally.
This pattern could open up significant breakout opportunities for the largest meme coin, as well as trigger a rally across similar crypto asset sectors.
Dogecoin Forms a Golden Cross Pattern
According to CoinSpeaker, one of the main bullish indicators for Dogecoin (DOGE) is the formation of a Golden Cross pattern on the technical chart.
Read also: Dogecoin Surges 6% Today (Aug 14): Is $1 Within Reach for DOGE?
This pattern appears when the 50-day simple moving average (SMA) crosses above the 200-day SMA, signaling that the short-term momentum is starting to outperform the long-term trend of DOGE.
While the Golden Cross pattern does not always guarantee a rally, DOGE’s price movement history shows that this signal is often followed by significant gains. For example, after the Golden Cross on November 6, 2024, the price of DOGE jumped more than 130% to reach $0.46 in just four weeks.
A similar pattern also occurred after the bullish crossover on November 22, 2023, which drove a 25% increase in the same period.
Popular crypto analyst, Chris Stonk, noted that DOGE’s monthly Relative Strength Index (RSI) is still near the lower limit of its historical range, suggesting limited upward momentum.
He added that this indicates that DOGE is currently very undervalued compared to other large-cap altcoins.
Will DOGE Break $0.30 in the Near Future?
For a long period of time, the Dogecoin (DOGE) price moved around $0.22 without being able to make a convincing breakout, despite strong DOGE whale activity.
During the July altcoin market rally, when most altcoins recorded 30-40% gains, DOGE lagged behind and performed below the market average. Currently, the hourly chart of DOGE is forming a flag-and-pole pattern.
Popular crypto analyst Ali Martinez predicts that the latest breakout could potentially push the price of DOGE to $0.27 in the near future.
Meanwhile, crypto analyst Kaleo thinks that the DOGE/BTC chart shows a formation similar to the price movement in January 2021, which triggered a huge surge.
Read also: Bitcoin Breaks New All-Time Record High of $124,000 – Where’s the Next Bull Target?
He is optimistic that DOGE can attract large-scale institutional interest, even predicting that treasury companies will one day buy billions of dollars worth of DOGE.
Kaleo also highlighted that the level of $6.9420 per DOGE remains a key price target in the long term.
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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
Reference:
- Coinspeaker. Dogecoin Price Chart Forms Golden Cross, Is Mega DOGE Rally Coming? Accessed on August 14, 2025
