Golden Cross Sparks Optimism as Dogecoin (DOGE) Price Shows Signs of a Breakout Rally

The memecoin, known for its lighthearted origins and powerful community backing, has recently seen a notable uptick in momentum

Memecoin, recognized for its lighthearted origins and the strong community support, has recently seen a noticeable surge in momentum, sparking speculation about whether the next big rally is just around the corner.

Golden Cross Sparks Optimism

Dogecoin price analysis reveals an encouraging development on the hourly chart: a “golden cross” has occurred, where the 50-period simple moving average (SMA) crossed above the 200-period SMA. This classic technical indicator suggests strengthening upward momentum, especially following DOGE’s recent return to green.

Dogecoin (DOGE) price formed a Golden Cross pattern on the 1-hour chart. Source: TradingView

Although this pattern emerged in a shorter timeframe, it holds significance amid a market that has shown hesitancy. The DOGE price rose over 6% to $0.166 on the day the pattern appeared, extending its recent recovery.

However, technical caution remains. A death cross—where the 50-day SMA fell below the 200-day SMA—was observed on the daily chart last month, pointing to lingering bearish risks over longer timeframes.

According to analysts, resistance is now building at $0.181 and $0.257, corresponding to daily SMA levels. If Dogecoin can break above these points, a stronger rally could be triggered. On the downside, the $0.142 and $0.129 levels serve as near-term support.

Whale Activity Signals Confidence

Beyond technical patterns, Dogecoin news in recent days highlights a significant surge in whale accumulation. On-chain data from Glassnode revealed that DOGE whales acquired 80 million tokens in just 24 hours.

Historically, such large-volume transactions have often preceded sharp price increases, as they are seen as a vote of confidence from deep-pocketed investors.

This whale behavior aligns with a broader trend of renewed interest in Dogecoin, driven in part by anticipation of broader market rallies and increasing discussions around meme coins as a speculative investment class.

AI Forecasts and the $1 Milestone

Dogecoin’s long-standing goal of hitting $1 remains a hot topic, and artificial intelligence platforms have weighed in with their predictions. Elon Musk’s Grok AI recently suggested that the Dogecoin value may not reach the $1 mark in 2025, contrary to previous expectations.

Dogecoin grabs the spotlight with bullish signals, whale buys, and Grok’s $1 prediction, sparking fresh hype. Source: altbtc.cc via X

Instead, it pointed to 2026 as a more realistic target, noting that viral moments and social media buzz—particularly from figures like Musk—tend to drive DOGE’s biggest rallies.

“Dogecoin’s biggest surges are not always technical—they’re cultural,” the AI highlighted, emphasizing the role of online momentum in fueling rallies.

Other forecasts echo this view. ChatGPT estimates DOGE could rise as high as $0.50 by the end of 2025 under a bullish scenario, driven by Bitcoin reaching new highs and continued whale accumulation. Its base case prediction stands at $0.30, while in a bearish case, it could dip to as low as $0.1