{"id":1195,"date":"2024-11-12T05:11:09","date_gmt":"2024-11-12T05:11:09","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/dogecoin-price-to-1-soon-textbook-weekly-golden-cross-shows-whats-coming-next\/"},"modified":"2024-11-12T05:11:09","modified_gmt":"2024-11-12T05:11:09","slug":"dogecoin-price-to-1-soon-textbook-weekly-golden-cross-shows-whats-coming-next","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/dogecoin-price-to-1-soon-textbook-weekly-golden-cross-shows-whats-coming-next\/","title":{"rendered":"Dogecoin Price To $1 Soon? Textbook Weekly Golden Cross Shows What\u2019s Coming Next"},"content":{"rendered":"

The Dogecoin price could be gearing up to reach the coveted $1 All-Time High (ATH) 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, predicted<\/a> that the pattern could set off a price rally toward the $1 mark.\u00a0<\/p>\n

Golden Cross Sparks $1 Target For Dogecoin Price<\/h2>\n

The world\u2019s largest meme coin, Dogecoin, has just completed the \u201cTextbook Weekly Golden Cross\u201c for the major bullish momentum this month, and recent price movements suggest that the cryptocurrency is poised for an even greater price rally.\u00a0<\/p>\n

According to Kevin, a 200 SMA indicates a price average over a longer term.<\/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 $1 price target.<\/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 bullish targets for the meme coin, with some even surpassing the $1 target.\u00a0<\/p>\n

\"Dogecoin<\/p>\n

Currently, at the 0.618 Fibonacci level, the Dogecoin price is projected to surge to the 0.73838 Fibonacci level at $0.8. Additionally, the meme coin is expected to rise steadily towards the 1.0866 Fib between $0.95 and $1.1.\u00a0<\/p>\n

Notably, the crypto analyst disclosed that the last time the Dogecoin price experienced a Textbook Weekly Golden Cross was in 2020, during the previous crypto bull run. Kevin revealed that Dogecoin experienced a dip for weeks during that time, followed by a substantial rally to new ATHs. As a result, the analyst has urged investors to stay cautious, especially in the short term, as Dogecoin could display some volatility or experience a dip before moving upwards.\u00a0\u00a0\u00a0<\/p>\n

Analyst Says Golden Cross To Drive DOGE Even Higher<\/h2>\n

In another X post<\/a>, crypto analyst Milkybull Crypto also announced that a Golden Cross has occurred on the Dogecoin weekly chart. However, instead of a $1 price target, the analyst has set a bullish target between $2 and $4 for Dogecoin.\u00a0<\/p>\n

\"Dogecoin<\/p>\n

The analyst is confident that this bullish price prediction is possible this cycle, as Dogecoin has historically undergone what he describes as \u201dlife-changing rallies\u201c when this Golden Cross occurs. Currently, the price of Dogecoin is trading at $0.28, marking a 23.24% increase in just one day and an 84.66% surge over the past seven days, according to CoinMarketCap.\u00a0<\/p>\n

\"Dogecoin<\/p>\n","protected":false},"excerpt":{"rendered":"

The Dogecoin price could be gearing up to reach the coveted $1 All-Time High (ATH) 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, predicted that the pattern could…<\/p>\n","protected":false},"author":1,"featured_media":1196,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[61],"tags":[110,19,114,115,72,133,374,134,132,216,375,157,135],"class_list":["post-1195","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency-market-news","tag-analyst","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-cryptocurrency-market-news","tag-doge","tag-doge-news","tag-doge-price","tag-dogecoin","tag-dogecoin-news","tag-dogecoin-price","tag-dogeusd","tag-dogeusdt"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/1195","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=1195"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/1195\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/1196"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=1195"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=1195"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=1195"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}