Dogecoin Witnesses Death Cross After 3 Months As Price Falls Below $0.200
BeInCrypto
Dogecoin formed a Death Cross, signaling a bearish trend after three months, as its price dropped below $0.200 amid significant whale selling.Summary
Dogecoin's price has fallen below the $0.200 mark, accompanied by the formation of a Death Cross—a bearish technical signal where the 50-day Exponential Moving Average (EMA) crosses below the 200-day EMA, ending nearly three months of positive sentiment.
Adding to the bearish outlook, large Dogecoin holders, or whales, have been actively selling, offloading approximately 1.05 billion DOGE worth over $180 million in the past week, suggesting waning long-term conviction.
Currently trading at $0.185, Dogecoin faces potential further declines toward $0.175 or $0.165 if bearish momentum continues, which could trigger retail panic selling. Conversely, reclaiming $0.199 and then $0.209 would invalidate the bearish forecast.
(Source：BeInCrypto)