Dogecoin on Verge of First Major 2025 Golden Cross: Potential Scenarios

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Dogecoin (DOGE), the popular dog-themed cryptocurrency, is potentially on the cusp of forming a golden cross, a bullish technical pattern that often signals upward momentum. This pattern occurs when a short-term moving average, typically the 50-day Simple Moving Average (SMA), crosses above a long-term moving average, usually the 200-day SMA.

In Dogecoin's current situation, the 50-day SMA has been trending upwards and is poised to potentially cross above the 200-day SMA in the near future. Confirmation of a golden cross would mark the first such occurrence on Dogecoin's daily chart in 2025.

The last time Dogecoin experienced a golden cross on its daily chart was in November 2024. Following that event, its price surged from approximately $0.14 to $0.484 within a month, representing a substantial gain of 227%.

However, it's important to note that 2025 has already seen a significant moving average crossover for Dogecoin. In March 2025, a death cross – the inverse of a golden cross – formed on its daily chart. This followed a period of decline, with Dogecoin reaching a low of $0.129 on April 7th.

Currently, Dogecoin's recovery is encountering resistance around the $0.28 level. A positive sign is that the DOGE price remains above both the 50-day and 200-day SMAs.

Potential Scenarios

As of the time of writing, DOGE is trading around $0.23. After a four-day period of gains from August 6th to 9th, Dogecoin experienced some profit-taking at a high of $0.248 and is currently in its second day of a slight pullback.

In the short term, market participants will be closely watching the $0.25 level to see if Dogecoin can decisively break above it, paving the way for a potential move towards the $0.29 level.

Historically, a golden cross has often been a precursor to significant price appreciation. If history were to repeat itself, a confirmed golden cross could potentially lead Dogecoin to retest previous highs. Increased activity from large investors (whales) or broader positive sentiment in the overall cryptocurrency market could further amplify any potential gains.

According to crypto analyst Ali, "Once Dogecoin (DOGE) clears $0.36, the path is clear. Targets reset to $0.70."

It's also crucial to acknowledge that technical indicators can sometimes generate false signals. It's possible that Dogecoin bulls may fail to sustain momentum, especially in the event of a broader market downturn. Another scenario is that Dogecoin could consolidate within a range, building strength before making a more decisive move in either direction. Read original article on U.Today