Dogecoin

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Kevin

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<p>The post <a href="https://coinpedia.org/price-analysis/dogecoin-doge-price-poised-for-10x-rally-in-next-2-3-weeks/">Dogecoin (DOGE) Price Poised For 10x Rally in Next 2-3 Weeks</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Dogecoin (DOGE) is on the cusp of a potentially massive bullish breakout, thanks to the formation of a “golden cross” technical pattern. Dogecoin’s potential boost also comes from Ferrari’s acceptance of cryptocurrency payments, including Dogecoin, in Europe, which could drive demand and increase its value.&nbsp;</p> 
<p>Let’s take a deeper look at Dogecoin’s price prediction.</p> 
<h2 class="wp-block-heading" id="h-dogecoin-to-rally-18000-how"><strong>Dogecoin to Rally 18000%, How?</strong></h2> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw">#Dogecoin</a> is 2-3 green weeks away from seeing its first weekly golden cross in 4 years. The last time this occurred <a href="https://twitter.com/hashtag/DOGE?src=hash&amp;ref_src=twsrc%5Etfw">#DOGE</a> went parabolic for 6 straight months going up 18,000%. <a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw">#Altcoins</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> <a href="https://t.co/Ow8JGMPndB">pic.twitter.com/Ow8JGMPndB</a></p>— Kevin (@Kev_Capital_TA) <a href="https://twitter.com/Kev_Capital_TA/status/1815925206562591168?ref_src=twsrc%5Etfw">July 24, 2024</a>
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<p>Crypto analyst and trader Kevin <a href="https://x.com/Kev_Capital_TA/status/1815925206562591168">predicts </a>this pattern could emerge for DOGE within the next 2-3 weeks, marking the first golden cross for the cryptocurrency in over three years.</p> 
<p>The last time Dogecoin experienced a golden cross was in early 2021, which preceded an incredible 18,000% surge in price, climbing from $0.003 to $0.75. If history repeats, DOGE could see a similar meteoric rise, potentially reaching $23.40 per coin and a market cap exceeding $3.48 trillion. Although past performance does not guarantee future results, the possibility of another golden cross has excited the DOGE community.</p> 
<h2 class="wp-block-heading" id="h-understanding-the-golden-cross"><strong>Understanding the Golden Cross</strong></h2> 
<p>The golden cross occurs when a shorter-term moving average (50-week SMA) crosses above a longer-term one (200-week SMA), signaling a potential bullish trend. For Dogecoin, this upcoming golden cross—its first in over three years—could indicate the start of a significant price rally, based on past performance and momentum trader strategies.&nbsp;</p> 
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   <p lang="en" dir="ltr">Vigor never lies about <a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw">#Dogecoin</a>.<br><br>The Vigor Index (RVGI) measures the strength and direction of price momentum. When the RVGI crosses from low levels, it indicates:<br><br>1. Momentum Shift: A transition from bearish to bullish momentum.<br><br>2. Strong Signal: If RVGI crosses above its… <a href="https://t.co/f3hAdGzFnq">pic.twitter.com/f3hAdGzFnq</a></p>— Astro 
   <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f3f4-200d-2620-fe0f.png" alt="🏴‍☠️" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@Astro1062) <a href="https://twitter.com/Astro1062/status/1816037674098081798?ref_src=twsrc%5Etfw">July 24, 2024</a>
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<p>However, some market participants <a href="https://x.com/Astro1062/status/1816037674098081798">view </a>such dramatic growth as unlikely due to the maturing crypto landscape and Dogecoin’s current market cap. Despite this, momentum indicators, such as the Vigor Index (RVGI), suggest a shift from bearish to bullish, indicating increasing buying pressure.</p> 
<h2 class="wp-block-heading" id="h-current-market-performance"><strong>Current Market Performance</strong></h2> 
<p>Recent data shows that Dogecoin’s performance has been positive, with a 7.1% gain over the past week. However, large transaction volumes have dropped by 42.5%, daily active addresses by 7.5%, and exchange net flows by 115.5%. Additionally, $3.14 million in Dogecoin positions were liquidated in the past 24 hours.</p> 
<p>Dogecoin is trading at $0.144, down 4.68% in the last 24 hours, as the crypto market faces selling pressure. The Relative Strength Index (RSI) is currently at 49, suggesting a neutral market sentiment and providing a balanced view for buyers and sellers.</p> 
<p>As the market watches closely, the potential golden cross could signal a significant rally for Dogecoin, but investors should also consider broader market conditions and sentiment.</p> 
<p>Is Dogecoin ready to take off? Let us know your take.</p>

Dogecoin (DOGE) Price Poised For 10x Rally in Next 2-3 Weeks

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