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- Dogecoin forms a bullish Golden Cross, signaling potential rally.
- Analysts view DOGE as undervalued, with upside toward $0.27–$0.30.
- Historical patterns suggest institutional interest could drive major gains.
Dogecoin (DOGE) has seen a remarkable uptick amid a broader crypto market rally, climbing 7% to $0.24 and extending weekly gains to 19%. The surge comes as DOGE forms a key technical indicator, the ‘Golden Cross,’ which could signal a major rally ahead for the meme coin.
Dogecoin Price Forms Bullish Golden Cross
The ‘Golden Cross’ pattern appears when a short-term moving average overtakes a long-term moving average—in Dogecoin’s case, the 50-day simple moving average (SMA) crossing above the 200-day SMA. Historically, this pattern has preceded some of DOGE’s strongest rallies. For instance, after the Golden Cross on November 6, 2024, Dogecoin surged over 130% within four weeks. Another crossover on November 22, 2023, resulted in a 25% gain in the same timeframe.
While a Golden Cross is not a guaranteed predictor, it highlights growing bullish momentum and increased investor interest in Dogecoin.
Undervalued Momentum and Analyst Insights
Crypto analyst Chris Stonk noted that DOGE’s monthly Relative Strength Index (RSI) remains near the lower end of its historical range, indicating that the meme coin is currently undervalued compared to other large-cap altcoins. This suggests that the potential for further upside remains substantial if momentum continues.
The $DOGE monthly RSI hasn't even left the bottom of the range yet.
— Chris (@StonkChris) August 12, 2025
Interpret that as you will.
By far the most undervalued large cap altcoin in the entire market at this current juncture.
The blue chip $ETH meme coin. pic.twitter.com/cV6soggUQv
Analyst Ali Martinez points to a flag-and-pole pattern on DOGE’s hourly chart, suggesting that the token could reach $0.27 in the near term. Meanwhile, Kaleo observes similarities between the current DOGE/BTC chart setup and the bullish price action from January 2021, indicating potential for significant institutional investment and longer-term gains.
Dogecoin $DOGE targets $0.27 as it forms a bullish flag on the hourly chart! pic.twitter.com/ca5ANErIBJ
— Ali (@ali_charts) August 12, 2025
Will Dogecoin Break $0.30 Soon?
Despite underperforming during July’s altcoin rally, Dogecoin’s current technical setup and strong whale activity point toward a breakout potential. If momentum sustains, DOGE could test $0.30 and beyond, drawing both retail and institutional attention.
Also Read: Dogecoin Surges 8% as Whales Buy 230M DOGE, Targeting $0.23 Breakout
As Dogecoin continues to form bullish indicators, investors and traders will be closely watching its next moves, anticipating whether the meme coin can replicate historical breakout patterns and fuel a wider altcoin rally.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
