Dogecoin (DOGE) is nearing a golden cross formation, indicating a potential bullish trend as its price rose by 4.04% to $0.2488 in the past 24 hours. The 9-day and 26-day moving averages are converging near $0.2454, suggesting a possible recovery. Trading volume has also increased by 10.47% to $3.32 billion, reflecting heightened market activity. Analysts are optimistic about DOGE's trajectory, with some forecasting a rise above $0.50 if market demand persists.