Dogecoin surges 140% in a week as golden cross signals potential rally

Dogecoin has surged over 140% in the past week, driven by a "golden cross" pattern in its price chart. This pattern occurs when the 50-day moving average crosses above the 200-day moving average, signaling potential price increases. Traders recall that a similar golden cross in a previous cycle led to a 7,000% rally. The recent price increase aligns with a broader rise in the cryptocurrency market, as Bitcoin reaches new all-time highs. Currently, Dogecoin is trading at $0.4142, reflecting a 47.44% increase in just one day. Over the past year, it has risen by 421.41%, reigniting interest in the once-meme cryptocurrency.