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By Omkar Godbole|Edited by Parikshit Mishra
Aug 13, 2025, 5:57 a.m.
- Dogecoin has formed a golden cross, suggesting a potential major price surge.
- A golden cross occurs when the 50-day SMA moves above the 200-day SMA, indicating short-term momentum.
- While historically linked to significant price increases, the golden cross is not a reliable standalone indicator.
Meme cryptocurrencies may soon heat up as their leader, dogecoin
, has formed a golden cross, hinting at a major price surge ahead.
A golden cross occurs when the 50-day simple moving average (SMA) of an asset’s price moves above the 200-day SMA. The crossover indicates that the short-term momentum is now outperforming the longer trajectory, with the potential to evolve into a major bull run.
STORY CONTINUES BELOW
Dogecoin’s averages crossed bullish early today. While the golden cross is seen as a positive indicator, it has a mixed record of predicting trends in most markets, including equities, bitcoin and DOGE. That makes it unreliable as a standalone indicator.
That said, most of DOGE’s previous big moves unfolded with the appearance of the golden cross. For instance, prices surged over 130% to 46 cents in four weeks following the occurrence of the golden cross on Nov. 6, 2024. Prices surged 25% in four weeks after the averages crossed bullish on Nov. 22, 2023.
Similarly, a golden cross happened in early November 2020, marking the onset of a major four-month bull run that saw prices rally over 1,000% in four months.
Let’s see if history repeats itself.
Read more: Sharp 7% Drop Sends DOGE Toward 22-Cents Support on High-Volume Selloff
Omkar Godbole is a Co-Managing Editor and analyst on CoinDesk’s Markets team. He has been covering crypto options and futures, as well as macro and cross-asset activity, since 2019, leveraging his prior experience in directional and non-directional derivative strategies at brokerage firms. His extensive background also encompasses the FX markets, having served as a fundamental analyst at currency and commodities desks for Mumbai-based brokerages and FXStreet. Omkar holds small amounts of bitcoin, ether, BitTorrent, tron and dot.
Omkar holds a Master’s degree in Finance and a Chartered Market Technician (CMT) designation.
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ETH is nearing its all-time high, with analysts predicting further upside potential.
Was Sie wissen sollten:
- ETH has surged, prompting traders to make bullish bets in the options market.
- Over $5 million was spent on call options for ETH to exceed $5,000 by the end of September.
- ETH is nearing its all-time high, with analysts predicting further upside potential.
