DOGE Price Analysis: Falls to $0.18 as 'Death Cross' Price Action Appears
Dogecoin dropped to $0.1827 as long-term holders sold off amid a deteriorating technical backdrop and the appearance of a 'death cross' pattern.Summary
Dogecoin (DOGE) fell to $0.1827, breaking below the key support level of $0.1830 due to accelerated selling by whales and long-term holders exiting positions. This decline occurred amid a worsening technical outlook, highlighted by failed recovery attempts above $0.1860 and amplified sell pressure from algorithmic activity. On-chain data confirmed this shift, showing significant outflows from mid-tier whales and a reversal in the Hodler Net Position Change metric. Technically, Dogecoin is in a confirmed bearish trend following a 50-day and 200-day EMA 'death cross,' with the 100-day EMA also trending toward a cross. The next critical defense zone for bulls is between $0.177 and $0.179. Analysts caution that failure to defend $0.177 could push the price toward $0.14, and only a sustained reclaim of $0.1860 would negate the current bearish setup.
(Source：CoinDesk)