Dogecoin Forms First Golden Cross in 14 Months as Bullish Momentum Builds

Dogecoin has achieved its first daily golden cross in 14 months, a bullish technical signal that suggests improving medium-term momentum. The crossover occurred as the 50-day moving average rose above the 200-day moving average, with DOGE trading near $0.095. This signal comes as the meme coin approaches the $0.10 area, a level that has historically acted as strong resistance.

The golden cross is typically a positive indicator, but Dogecoin still faces significant hurdles. The first major test lies at $0.098, where a large concentration of supply, roughly 28 billion DOGE, has previously created selling pressure. If bulls can push through this barrier, the next target would be $0.106, with a stronger breakout potentially bringing the broader $0.12 target back into focus.

Supporting the bullish outlook is substantial large-holder demand. Wallets tracked by Santiment accumulated over 1.14 billion DOGE, worth around $112 million, in just 96 hours. This follows earlier whale buying during September weakness. Additionally, U.S. Dogecoin investment products recorded about $2.9 million in weekly inflows, their strongest weekly total during the recent move.

However, this demand must contend with Dogecoin’s ongoing issuance. Approximately 14.4 million new DOGE enter circulation each day, creating persistent supply pressure. Despite the golden cross, the path forward remains uncertain, as the meme coin must overcome well-established resistance levels to sustain upward momentum.