Dogecoin Surges Amidst Market Optimism and Technical Signals

Dogecoin experienced a notable price surge, rising 7% to reach $0.24, fueled by positive market trends. This increase contributed to a 19% gain over the week for the cryptocurrency. A key technical indicator known as the “Golden Cross” emerged, where the 50-day simple moving average (SMA) surpassed the 200-day SMA, signaling a potential continuation of upward momentum. experts believe this shift in momentum attracts more short-term buyers and reinforces bullish sentiment.