Dogecoin is making headlines again : after months of consolidation, Elon Musk's favourite cryptocurrency is showing clear signs of recovery. With an imminent golden cross and increasing institutional volumes, investors anticipate a new bullish wave. How far can DOGE go now ?
A golden cross forms when the short-term moving average (often 9-day) crosses above the long-term moving average (often 26-day). In this case, the crossover is observed around the $0.2454 level for Dogecoin. This is a significant technical threshold that attracts the attention of experienced traders. This signal is renowned in technical analysis for being a positive reversal indicator in the medium to long term.
According to TradingView, the DOGE chart confirms this developing bullish pattern. It is indeed supported by increasing volume dynamics and a bounce from the oversold zone identified by the Relative Strength Index (RSI). This technical momentum indicator now meets the conditions for a structural bullish reversal.
Over the past 24 hours, Dogecoin has seen its price climb by 4.04%, reaching $0.2488, after emerging from a floor observed at $0.2321. This recovery has been accompanied by a 10.47% surge in trading volume, reaching $3.32 billion. Such an increase in volume correlated with an RSI reversal indicates strategic accumulation via spot and derivatives orders, often interpreted as validation of an imminent bullish movement.
Additionally, Bitcoin’s slight rebound in recent days seems to have acted as a global catalyst. It has strengthened the bullish sentiment on high-cap altcoins, of which Dogecoin is a part.
Historically, September is a mixed period for DOGE. Although the median performance is slightly positive (+13% according to Cryptorank), most recent monthly performances have been negative. However, in September 2024, Dogecoin recorded growth of +12.6%. If this scenario were to repeat in 2025, a technical target close to $0.30 could be reached quickly. This would represent an additional gain of more than 20% from the current price.
Key figures in the DOGE ecosystem, such as Timothy Stebbing of the Dogecoin Foundation, advocate for increased adoption through concrete use cases (payment for everyday goods/services, Web3 integration, etc.). This desire to build a functional ecosystem gives DOGE more legitimacy compared to its image as a simple memecoin.
On the analyst side, Ali Martinez—a recognized crypto specialist—believes that the current price level could represent “the last opportunity to buy at a discount before a real takeoff.” He anticipates a scenario where DOGE would quickly exceed the symbolic threshold of $0.50 if the ecosystem’s bulls confirm their active support in the derivatives and spot markets.
This potential golden cross on Dogecoin could constitute a significant technical signal for investors looking for validated bullish configurations. Nevertheless, caution remains essential : although indicators are aligned toward a recovery, the inherent volatility of crypto assets, particularly memecoins, requires rigorous risk management.
If Dogecoin confirms its bullish movement, reaching $0.5 could be just one step before a potentially even more ambitious rally. For investors who want to capitalize on this momentum, it’s essential to position themselves early in the market. Here’s how to easily buy DOGE on Bitget :
Passionate about the crypto world, he explores the blockchain ecosystem to extract the most essential insights. With his expertise in SEO and web writing, he transforms news and technical analysis into clear, engaging, and impactful content. His goal? To help investors better understand the opportunities and challenges of the crypto market.
DISCLAIMER
This article is for informational purposes only and should not be considered as investment advice. Trading cryptocurrencies involves risks, and it is important not to invest more than you can afford to lose.
InvestX is not responsible for the quality of the products or services presented on this page and cannot be held liable, directly or indirectly, for any damage or loss caused by the use of any product or service featured in this article. Investments in crypto assets are inherently risky; readers should conduct their own research before taking any action and invest only within their financial means. This article does not constitute investment advice.
Risk Warning : Trading financial instruments and/or cryptocurrencies carries a high level of risk, including the possibility of losing all or part of your investment. It may not be suitable for all investors. Cryptocurrency prices are highly volatile and can be influenced by external factors such as financial, regulatory, or political events. Margin trading increases financial risks.
CFDs (Contracts for Difference) are complex instruments with a high risk of rapid capital loss due to leverage. Between 74% and 89% of retail investor accounts lose money when trading CFDs. You should assess whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Before engaging in financial or cryptocurrency trading, you must be fully informed about the associated risks and fees, carefully evaluate your investment objectives, level of experience, and risk tolerance, and seek professional advice if needed. InvestX.fr and the InvestX application may provide general market commentary, which does not constitute investment advice and should not be interpreted as such. Please consult an independent financial advisor for any investment-related questions. InvestX.fr disclaims any liability for errors, misinvestments, inaccuracies, or omissions and does not guarantee the accuracy or completeness of the information, texts, graphics, links, or other materials provided.
Some of the partners featured on this site may not be regulated in your country. It is your responsibility to verify the compliance of these services with local regulations before using them.
