Dogecoin (DOGE) Outlook Is Bullish As A Golden Cross Is Set To Appear On The Meme Coin's Chart

Based on history, such development could mark the beginning of a massive rally for DOGE.

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Dogecoin (CRYPTO: DOGE) outlook: A golden cross is set to appear on Dogecoin's chart, which could mark the beginning of a massive rally.dogecoin price prediction: Dogecoin is two to three green weeks away from seeing its first weekly golden cross in four years, according to crypto analyst Kevin (formerly OG Yomi) in an X post.

The last time a weekly golden cross occurred for DOGE, the meme coin enjoyed a six-month price rally and price gain of 18,000%.A golden cross occurs when the 50-day moving average (MA) rises above the 200-day MA.

This technical indicator is a bullish signal that usually indicates a strong bull market. A weekly golden cross for Dogecoin would confirm an imminent parabolic rally for the meme coin.

Dogecoin has failed to show any significant strength in this market cycle, even as other meme coins like Pepe (PEPE) continue to hit new highs. However, crypto analysts like Crypto Kaleo have asserted that the “king of memes won’t be left behind” in this bull run and have predicted that DOGE will still have its moment.

Crypto analyst Javon Marks also recently provided a bullish narrative for Dogecoin, stating that the meme coin's most recent pullback looks more like a shakeout and that DOGE is almost ready for a massive rally to $0.6533.

Marks claims that this price target is in play as DOGE is holding well above the resisting trend and that it is only a matter of time before the meme coin enjoys this price rally of over 378%.

Marks also raised the possibility of Dogecoin further rising to $1.25, stating that a break or hold above the initial price target of $0.6533 will propel DOGE to such heights.

One Last Pullback Before DOGE’s Run To $1?Crypto Kaleo suggested in an X post that Dogecoin might suffer one last pullback before it runs to $1.

He remarks that it is still a “bit early” for DOGE to have that “face-melting pump” based on the previous cycles in relation to the Bitcoin halving event and that the pump will eventually come, demanding a bit more patience from DOGE investors.

As to how low Dogecoin could drop, Crypto Kaleo suggested a retrace similar to the one after the Spot Bitcoin ETFs launched in January, though he claims that it won't be that “crazy in the big picture.”

Some of his followers believe that it is unlikely to happen considering that $0.08 was a bear market low for DOGE and the market is still in a bull cycle.

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