Dogecoin's recent surge has grabbed analysts' attention, noting a 350% rise from its cycle bottom. This upward wave coincides with broader market optimism and technical indicators pointing towards potential continued gains.
Dogecoin shows significant growth
Analyst Rekt Capital highlighted DOGE's 350% recovery from what he describes as a 'generational bottom.' He noted the token's substantial room for growth in the current cycle, aligning with trader Ali's technical analysis.
Dogecoin momentum over past seven days
According to CoinGecko data, DOGE is trading with impressive momentum across multiple timeframes. Over the last 24 hours, the token recorded a 21.9% gain, and its weekly performance shows an 88.5% increase.
Technical indicators: DOGE golden cross
Technical analyst Milkybull Crypto identified a golden cross formation on DOGE's weekly chart — a technical indicator that historically precedes substantial price shifts. The event mirrors Q4 2020, when a similar pattern led to 'life-changing rallies.'
Dogecoin's current momentum continues to draw attention owing to strong fundamental and technical factors. The formation of a golden cross and the overall market optimism set the stage for potential continued growth of the token.
