Dogecoin pops 4% amid memecoin rally as a short-term golden cross flashes
Dogecoin's price surged by 4% as part of a broader rally in the memecoin market. This increase coincided with a technical indicator known as a "golden cross," which occurs when a short-term moving average crosses above a long-term moving average, often signaling potential upward momentum. The rise in Dogecoin's value reflects growing interest and speculation in the memecoin sector. Analysts are watching the market closely for further developments following this bullish signal.
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