Mem cryptocurrency may soon be hot as your leader, dogcoin
A Golden Cross is formed, further pointing to a major value increase.
A golden cross occurs when a 50-day simple moving average (SMA) The price of a property runs above the 200-day SMA. The crossover indicates that the short -term speed has now been performing better than the prolonged trajectory, which has the ability to develop in a major bull run.
The average of Dogcoin has crossed the early rise today. While the Golden Cross is seen as a positive indicator, most markets have a mixed record of predicting trends, including equity, bitcoin, and dogi. It makes it incredible as a standalone indicator.
He said, Dogi’s previous big tricks came out with the presence of Golden Cross. For example, prices in four weeks exceeded 130% to 46 cents in four weeks after the Golden Cross incident on November 6, 2024. Prices increased by 25% in four weeks from the average.
Similarly, a Golden Cross occurred in early November 2020, with a major four -month bull run in four months, with a rally of more than 1,000% in prices in four months.
Let’s see if history repeats itself.
Read more: Sharp sends 7% drop on high-volume celloff towards 22-saint support
