Dogecoin Surges Amid Speculation and Historical Rally Hopes

Dogecoin has surged over 140% in the past week, driven by the appearance of a 'golden cross' technical pattern, where the 50-day moving average crosses above the 200-day moving average. This pattern previously led to a massive 7,000% rally in Dogecoin's price. The recent surge is part of a broader cryptocurrency market momentum, with Bitcoin also reaching new highs. Dogecoin's rise is reminiscent of its 2021 bull run, fueled by social media and endorsements from figures like Elon Musk. Despite the rally, Dogecoin remains below its 2021 peak.