Dogecoin News: Golden Cross Hints 21,000% DOGE Rally in 5 Months!

Amid recent heightened crypto volatility, Dogecoin (DOGE) has rallied over 46 percent in the past three weeks, retesting a key resistance level of 15 cents. Despite an 8 percent drop within the last 24 hours, DOGE remains valued at approximately $23 billion, with an average daily trading volume of around $2.3 billion as of November 1.

Technical Analysis Indicates Potential Parabolic Rally

Technical analysis suggests Dogecoin's price pattern aligns with previous major bull markets. The altcoin, secured by Proof-of-Work consensus and boasting over 7.3 million holders, has gained bullish momentum over the past year.

Crypto analyst Elja predicts an imminent golden cross between the 50 and 200 Moving Averages, a signal that has historically preceded a significant price surge.

Why Bet on DOGE?

While numerous meme coin projects have emerged, Dogecoin remains the undisputed leader, enjoying deep liquidity across web3 platforms. Its popularity is further fueled by unwavering support from tech billionaire Elon Musk.

The biggest wager on Dogecoin's future lies in the potential win of Republican presidential candidate Donald Trump.