DOGE Price Analysis: Falls to $0.18 as 'Death Cross' Appears

Dogecoin has experienced a decline of 2.3% to $0.1827, breaching significant support levels as long-term holders vacate the market and whale distribution increases. This bearish trend is compounded by a deteriorating technical backdrop, illustrated by a confirmed 'death-cross' pattern between the 50-day and 200-day EMAs. Following three unsuccessful recovery attempts above $0.1860, resistance has solidified, and algorithmic trading activity has intensified sell pressure. Notably, 440 million DOGE were sold by medium-sized holders within a 72-hour window, indicating a behavioral shift from accumulation to liquidation. Key costs are concentrated around the $0.177-$0.179 range, which is viewed as critical support for bulls. If the price fails to maintain above $0.177, it could descend toward the next major liquidity level at $0.14. Analysts expect that a return to $0.1860 with robust trading volumes could indicate a potential reversal in the current trend.

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