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

Dogecoin (DOGE) experienced a 4.4% increase to $0.156 before a later session sell-off diminished its gains, as Bitcoin's Death Cross—a bearish indicator—was triggered on Nov. 16. This event significantly impacts the meme coin market, with analysts warning of potential pressures on DOGE due to Bitcoin's macro trends. Notably, the Death Cross occurs when the 50-day moving average falls below the 200-day moving average, and this latest occurrence is the first since 2022. While DOGE showed resilience with a volume spike and support at $0.1551–$0.1580, technical outlook suggests it must reclaim $0.1604 and overcome resistance at $0.163–$0.165 to mitigate the fallout from Bitcoin's bearish trend. Traders are advised to monitor DOGE's response to Bitcoin volatility and liquidity conditions in the broader market, particularly as liquidity tightens amid risk-off sentiment, which has historically correlated with DOGE's performance.

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