<p>Amid the <a href="https://coinpedia.org/news/crypto-liquidation-hits-277m-bitcoin-and-ethereum-lead-the-losses/" target="_blank" rel="noopener noreferrer nofollow">heightened crypto volatility</a> in the last few weeks, <a href="https://coinpedia.org/price-analysis/why-is-dogecoin-doge-price-up-today/" target="_blank" rel="noopener noreferrer nofollow">Dogecoin's (DOGE) price has rallied</a> over 46 percent in the past three weeks to retest a crucial resistance level above 15 cents. The meme lord, with a fully diluted valuation of about $23 billion and a daily average traded volume of around $2.3 billion, dropped nearly 8 percent in the past 24 hours to trade around $0.1585 on Friday, November 1, during the mid-London session.</p>  
<h2 class="wp-block-heading" id="h-top-indicators-points-to-imminent-parabolic-rally-for-dogecoin-price-ahead">Top Indicators Points to Imminent Parabolic Rally for Dogecoin Price Ahead</h2>  
<p><a href="https://coinpedia.org/price-analysis/dogecoin-testing-the-crucial-support-will-it-revamp-a-strong-run-to-0-2-or-face-a-rejection-to-0-15/" target="_blank" rel="noopener noreferrer nofollow">From a technical analysis</a> standpoint, Dogecoin price has been forming a similar fractal pattern with the previous major bull markets. The large-cap altcoin, which is secured by the legendary <a href="https://coinpedia.org/glossary/pow/" target="_blank" rel="noopener noreferrer nofollow">Proof-of-Work</a> (PoW) <a href="https://coinpedia.org/blockchain-developers/distributed-ledger-technology-and-consensus-mechanisms/" target="_blank" rel="noopener noreferrer nofollow">consensus mechanism</a> and takes pride in more than 7.3 million holders, has gradually gained bullish momentum in the past year.</p>  
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  https://twitter.com/eljaboom/status/1852263289129992607?s=46
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<p>According to a popular crypto analyst Elja, Dogecoin price is about to print the first weekly golden cross between the 50 and 200 <a href="https://coinpedia.org/traders/what-is-moving-average-indicator/" target="_blank" rel="noopener noreferrer nofollow">Moving Averages</a> (MAs). The crypto analyst noted that the DOGE price rallied over 21,000 percent in about five months following a similar golden cross in 2021.</p>  
<p>In the midterm, Dogecoin price could soon burst towards the psychological resistance level of around 20 cents, which is over 50 percent gains from the current levels.</p>   [post_titles_links postid="374761"]  
<h2 class="wp-block-heading" id="h-why-bet-on-doge">Why Bet on DOGE?</h2>  
<p>Despite the emergence of several hundreds of new meme coin projects in the recent past across different chains, Dogecoin has remained the undisputed leader. The dog-themed meme coin enjoys deep liquidity across different <a href="https://coinpedia.org/beginners-guide/what-is-web-3-0/" target="_blank" rel="noopener noreferrer nofollow">web3 platforms</a>.</p>  
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  https://twitter.com/elonmusk/status/1538406040374595585?s=46
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<p>The unwavering support from tech billionaire Elon Musk has helped Dogecoin obtain more popularity among crypto investors. The biggest Dogecoin bet is currently on a potential win for Republican presidential candidate Donald Trump.</p>

Dogecoin News: Golden Cross Hints 21,000% DOGE Rally in 5 Months!

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