‘Golden Cross’ on Dogecoin Weekly Chart as Elon Starts Working with Trump—Will DOGE Hit $100?


Dogecoin has gained 2% in 24 hours, reaching to $0.3887 as the cryptocurrency market recovers from yesterday's slump.

DOGE is up 92% in a week and 234% in a month after President-elect Donald Trump said yesterday that Elon Musk and entrepreneur Vivek Ramaswamy will lead a Department of Government Efficiency.

This agency will rationalize government operations and budget, but its usage of the ‘DOGE’ term might boost Dogecoin prices in the coming months.

As analysts note that Dogecoin's weekly chart has completed a golden cross for the first time since late 2020, a significant rally towards $2 or higher may be approaching.

‘Golden Cross’ on Dogecoin Weekly Chart as Elon Starts Working with Trump—Will DOGE Hit $100?
The last time Dogecoin's one-week chart formed a golden cross, its price surged 26,000% in months, culminating at $0.7316 in May 2021.

Crypto Twitter expert said its chart has done the same thing again, indicating a $2–$4 price target.


A 26,000% increase in Dogecoin's price would yield close to $100.


Because it would need uncontrolled inflation (which Trump has vowed to ‘end’), a market cap of just over $14 trillion is unlikely.

Regardless of the aim, Dogecoin's trend and momentum predict a breakthrough, with the currency set to climb throughout the year and beyond.

DOGE may fall more before rallying again, but its relative strength index (purple) has steadied in the past hour and may rise shortly.

It's also encouraging that Dogecoin's trade volume remains robust at $38.8 billion.

Big whale DOGE transfers in recent days indicate considerable demand.

With Trump appointing Dogecoin admirer Elon Musk to run the Department of Government Efficiency, DOGE's medium- and long-term prospects are bright.

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