Dogecoin Flashes Bullish Signal with Golden Cross as July Momentum Builds
Dogecoin (DOGE), the popular meme-inspired cryptocurrency, is showing renewed bullish momentum after forming a golden cross on its hourly chart — a technical pattern that often signals the beginning of an upward trend.
A golden cross occurs when a short-term moving average, such as the 50-hour moving average (MA), crosses above a longer-term average like the 200-hour MA. This crossover is typically seen by traders as a bullish sign, hinting at growing upward pressure. For Dogecoin, the pattern comes amid a broader rebound in the cryptocurrency market, with investors increasingly optimistic about the digital asset space.
In the past 24 hours, Dogecoin has surged over 9%, reaching $0.1749, according to CoinMarketCap. The rally places it among the top-performing meme coins and helps it reclaim lost ground from previous weeks. DOGE now ranks as the ninth-largest cryptocurrency by market capitalization.
This price action coincides with a more upbeat macroeconomic outlook. Dovish signals from Federal Reserve officials have fueled speculation about a potential interest rate cut, contributing to renewed investor appetite for risk assets, including cryptocurrencies.
Historical Performance Offers Mixed Signals for July
The golden cross, while forming on a relatively short hourly timeframe, has sparked speculation that July could be a breakout month for Dogecoin — if bullish momentum holds. Historically, Dogecoin has posted mixed results in July. Since 2021, it has closed two out of four Julys in the green.
- July 2021: -18.18%
- July 2022: +2.53%
- July 2023: +17.19%
- July 2024: -1.99%
As of early July 2025, DOGE is already up 5.53%, showing signs of strength early in the month.
Market sentiment, broader crypto trends, and speculative interest — particularly from retail traders — are expected to play a key role in shaping Dogecoin’s short-term trajectory. While the golden cross adds a layer of technical optimism, sustained gains will likely depend on continued market support and macroeconomic clarity.
For now, Dogecoin enthusiasts and traders are watching closely to see whether the latest bullish pattern marks the beginning of a stronger upward leg in July.
