Sign in Subscribe

Live Feed

Bitcoin Death Cross Could Mean This for Dogecoin (DOGE) Price

Dogecoin (DOGE) experienced a brief rally of 4.4% to $0.156 before late selling erased gains, in the context of Bitcoin's recent Death Cross—a bearish signal that occurs when the 50-day moving average falls below the 200-day moving average. This event marks a significant shift since it last occurred in 2022, leading to increased fear in the market as Bitcoin dropped below $94,000. Analysts suggest that DOGE, being a high-beta asset, is vulnerable to the pressures of such Bitcoin trends. Despite showing support at $0.1551–$0.1580, DOGE's failure to maintain momentum above the $0.1604 level puts it at risk of further declines toward $0.152–$0.148. Market participants should focus on trading volumes and BTC's stability above $93,000, as these factors will likely influence DOGE's price action in the near term.

Source 🔗

Read next

Asia Morning Briefing: Even Prediction Markets Didn’t See BTC's Selloff Coming

Bitcoin's recent decline has caught traders by surprise, leading to a shift in sentiment within prediction markets. The drop, which saw Bitcoin fall 27% from its monthly high, signals a potential deeper structural issue within the cryptocurrency market. On-chain analysis suggests Bitcoin is facing late-stage capitulation pressures, but

Asia Morning Briefing: Even Prediction Markets Didn’t See BTC's Selloff Coming

Bitcoin has recently faced a notable decline, dropping 27% from last month’s peak, which has shifted market sentiment significantly. Prediction markets now portray a deeper structural issue, moving away from earlier upside expectations. This decline reflects what analysts describe as late-stage capitulation pressures, evident from on-chain data indicating oversold

Asia Morning Briefing: Even Prediction Markets Didn’t See BTC's Selloff Coming

Bitcoin's recent decline to around $92,500 marks a significant shift in market sentiment, as prediction markets rapidly adjusted their outlook. Traders have moved from expecting mild weakness to viewing the downturn as indicative of a deeper structural issue. This drop represents a 27% decrease from last month&