Dogecoin Price Surges 4% in Memecoin Rally as Golden Cross Signals Bullish Momentum

Dogecoin (DOGE) experienced a notable 4% price increase, riding the wave of a broader memecoin market rally. This upward movement coincides with a key technical indicator flashing on its charts: a short-term golden cross. A golden cross occurs when a shorter-term moving average, like the 50-day, crosses above a longer-term one, such as the 200-day, and is widely interpreted by traders as a potential signal for the start of a bullish trend. The rise in DOGE aligns with increased buying activity across popular memecoins, suggesting renewed investor interest and risk appetite in the cryptocurrency sector. Analysts are monitoring whether this technical breakout can sustain momentum and lead to further gains for the leading meme-based digital asset.