{"id":632124,"date":"2025-03-03T12:11:20","date_gmt":"2025-03-03T12:11:20","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=632124"},"modified":"2025-03-03T12:11:20","modified_gmt":"2025-03-03T12:11:20","slug":"dogecoin-price-prediction-doge-soars-6-as-golden-cross-looms-but-traders-buy-meme-index-with-just-28-days-left","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/sponsored\/dogecoin-price-prediction-doge-soars-6-as-golden-cross-looms-but-traders-buy-meme-index-with-just-28-days-left","title":{"rendered":"Dogecoin Price Prediction: DOGE Soars 6% As Golden Cross Looms, But Traders Buy Meme Index With Just 28 Days Left"},"content":{"rendered":"

The Dogecoin price soared 6% in the last 24 hours to trade at $0.22 as of 02:52 a.m. EST on trading volume that rose 261% to $3.6 billion.<\/span><\/p>\n

This DOGE price increase comes as the leading meme coin’s chart teases a possible formation of a Golden Cross pattern. Will the crypto to soar to $0.5 soon? <\/span><\/p>\n

Dogecoin Price Analysis: Looming Golden Cross Might Push DOGE Up<\/h2>\n

The <\/span>DOGE price<\/span><\/a> recently broke out of a prolonged downtrend, as evidenced by the descending parallel channel that guided price action for several days.<\/span><\/p>\n

The Dogecoin price had been consistently making lower highs and lower lows until it found support and surged sharply upward. <\/span><\/p>\n

This breakout resulted in a massive price spike, which momentarily took DOGE above $0.24 before pulling back to the $0.22 range, according to <\/span>GeckoTerminal<\/span><\/a> data.<\/span><\/p>\n

A notable pattern visible on the chart is the parabolic move that led to the breakout, followed by an equally sharp correction.<\/span><\/p>\n

Additionally, the price of DOGE has now flipped the 200-period Simple Moving Average (SMA) on the hourly chart into support, a critical development that could indicate a trend reversal from bearish to bullish. <\/span><\/p>\n

The 50-period SMA is also close to the 200-period SMA, meaning a golden cross could form soon, further strengthening the bullish case.<\/span><\/p>\n

The Relative Strength Index (RSI) is currently at 49.74, indicating that DOGE is neither overbought nor oversold. <\/span><\/p>\n

However, given that the RSI was much higher before the price correction, it suggests that the earlier rally pushed DOGE into overbought conditions, leading to the recent pullback.<\/span><\/p>\n

\"Dogecoin
DOGE\/USDT Chart Analysis Source: GeckoTerminal<\/figcaption><\/figure>\n

Can DOGE Rally To $0.5?<\/h2>\n

Given the current structure, the Dogecoin price appears to have transitioned from a bearish trend to a more neutral or potentially bullish phase. <\/span><\/p>\n

If the price holds above the $0.2130–$0.2140 support zone, DOGE could consolidate before attempting another push higher toward $0.23–$0.24.<\/span><\/p>\n

Sustained buying pressure could push DOGE to $0.5 in the coming months. <\/span><\/p>\n

However, if it fails to hold above the 200-period SMA, the price of Dogecoin may retest lower levels near $0.20, where buyers could step in again.<\/span><\/p>\n

As the DOGE price soars, investors are shifting focus to a new meme coin called <\/span>Meme Index (MEMEX)<\/span><\/a>. <\/span><\/p>\n

According to 99Bitcoins, a prominent crypto channel on YouTube that boasts over 725K subscribers, MEMEX has the potential to be the next 100x crypto.<\/span><\/p>\n