**Dogecoin Price Poised for Significant Rally Following Golden Cross Signal**

The Dogecoin price is showing potential for a strong bullish trajectory once more. A significant pattern known as a golden cross has recently appeared on Dogecoin's 4-hour price chart, suggesting that the meme coin may be gearing up for substantial gains in the coming weeks.

A golden cross is an event in technical analysis where a short-term moving average crosses above a long-term moving average, indicating a potential reversal from bearish to bullish sentiment. Crypto analyst Trader Tardigrade, widely recognized for his technical acumen on the social platform X, has highlighted this golden cross for Dogecoin. According to him, this occurrence was observed in the Moving Average Convergence Divergence (MACD) indicator below the zero line, a strong signal for upward price action.

This isn't the first time such a pattern has appeared on the Dogecoin chart in recent times. According to Trader Tardigrade's shared data, Dogecoin experienced a similar MACD golden cross earlier in November. On November 4, Dogecoin was trading around the $0.15 mark, and following the golden cross, the price surged dramatically. The coin saw a notable increase, peaking at $0.426 on November 12, which equates to an impressive 184% rise over just eight days.

Given this historical context, there is a heightened anticipation around Dogecoin's current trajectory. Based on the patterns observed in November and projections from Trader Tardigrade, Dogecoin might be on track for another significant rally, potentially reaching the $1 mark by December 7.

For Dogecoin to hit this ambitious target, it will need to overcome key resistance levels. The first major resistance level is at $0.43, followed by the current 2024 peak of $0.4759. Surpassing these thresholds could push Dogecoin to new heights not seen in three years, with further targets at $0.50 and the all-time high of $0.7316. Conversely, maintaining bullish momentum will require holding firm at support levels like $0.37 and $0.35 if the golden cross does not drive the expected rally.

At the time of writing, Dogecoin is trading at $0.404, marking a 9.8% increase from its November 26 low of $0.3679. The developments on the Dogecoin chart are being closely watched, as investors anticipate whether history is set to repeat itself with another substantial rally.