Technical analysis by آرش ابتهاج about Symbol DOGE: Buy recommendation (5/11/2024)

Dogecoin is potentially poised for a major rally as it nears a "golden cross" pattern that could indicate a reversal to the market's uptrend. The last golden cross was in January 2021 before a staggering nearly 8,000% increase in the value of Dogecoin. Currently trading at $0.145 with a market capitalization of $20.92 billion, DOGE has shown resilience despite recent corrections. Strong whale activity has been seen in the market which has added to the positive sentiment. Convergence of the 50-week simple moving average