Dogecoin Rises 7% on Bull Flag; Golden Cross Targets $0.30
Dogecoin jumped 7% to $0.24 this week after a clear bull flag breakout on daily charts. Sustained whale accumulation of over 1 billion DOGE fueled institutional demand and pushed volume higher. A golden cross formed as the 50-day moving average climbed above the 200-day average, underlining further upside potential toward $0.30.
Technical analysis shows strong support at $0.24 after repeated retests, while the monthly RSI sits near its lower bound, suggesting untapped bullish momentum. Historical golden cross signals in late 2023 and 2024 led to 25% and 130% gains within four weeks. Traders now watch for a confirmed break above $0.25 to unlock targets between $0.27 and $0.30, with DOGE/BTC pair flows and volume spikes key to sustaining the rally.
Bullish
The combined news indicates strong bullish momentum for Dogecoin. The bull flag breakout at $0.24, reinforced by sustained whale inflows and a golden cross on daily charts, sets the stage for a near-term rally toward $0.27 to $0.30. Historical precedents—25% gains in 4 weeks (Nov 2023) and 130% gains (2024)—along with an RSI approaching oversold levels, suggest ample upside over coming weeks. Institutional interest in the DOGE/BTC pair and volume spikes will likely sustain momentum, making Dogecoin a favorable trading opportunity in both the short and mid term.