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

Bitcoin recently experienced a Death Cross, a bearish signal characterized by the 50-day moving average dropping below the 200-day moving average, leading to an increased market fear as Bitcoin fell below $94,000. This technical shift is expected to impact meme coins like Dogecoin (DOGE), which rose 4.4% to $0.156 before a late-session sell-off. Analysts warn that DOGE is sensitive to Bitcoin's trends, especially during liquidity contractions caused by factors such as whale selling and Bitcoin ETF outflows. The support level for DOGE is critical; maintaining above $0.158 could signal whale accumulation, while dropping below this could risk a slide towards $0.152–$0.148. Furthermore, a decisive push above $0.163–$0.165 would be needed to neutralize negative impacts stemming from Bitcoin's recent declines. Market players should watch for trading volumes and Bitcoin's performance, as they will largely dictate DOGE's trajectory in the short term.

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