Dogecoin has completed a Textbook Golden Cross pattern on the weekly timeframe, indicating a potential persistent upward momentum.
The completion of the Textbook Golden Cross pattern is supported by the 50-day SMA crossing above the 200-day SMA, signaling higher prices are likely.
Investors are closely watching Dogecoin's next move as the completion of the golden cross pattern could lead to a significant rally, although a short-term price correction is possible.
Dogecoin's price action looks promising, with the meme coin retesting the $0.28 level and the potential to hit the $0.50 level or its previous all-time high of $0.73.