Krisspax, a Dogecoin community member, highlighted this development in an X post: "We have a death cross on the Dogecoin chart when the 50-day SMA crosses below the 200-day SMA. It's only been about 3 weeks since we had a golden cross, the shortest crossover I've seen for $DOGE of this type, stressing the volatility of Dogecoin trading."
The golden cross and death cross signals on Dogecoin's daily chart are unusually close to each other. There is about a 3-week gap between them, indicating a sudden change in momentum.
A golden cross is generally interpreted as a sign of improving medium-term momentum, while a death cross suggests that the shorter-term trend has weakened relative to the longer-term trend.
Dogecoin price drops
Dogecoin's price surprisingly rose ahead of the death cross signal, rising for three consecutive days to reach a high of $0.081 on October 29 before momentum slipped.
$DOGE sharply fell to a low of $0.074 on Thursday, extending the drop on Friday to a low of $0.072, last seen in August 2026, as the market reacted to the news of Binance's $6.3 billion heist, deemed the largest in crypto history.
Total liquidations reached $1.68 billion in the last 24 hours, according to CoinGlass. Long positions, bets that prices would rise, accounted for the majority of the total at $1.43 billion.
Support is expected next at $0.069, while resistance stays near $0.086, around the daily moving averages.
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