Dogecoin forms first death cross since 2026 as price falls to $0.072

Dogecoin has recorded a death cross on its daily chart, a technical pattern where the 50-day simple moving average (SMA) drops below the 200-day SMA. This marks the first time since 2026 that Dogecoin has exhibited this bearish signal, raising concerns among traders about continued downside risk.

Death cross follows recent golden cross

The current death cross arrives only three weeks after Dogecoin registered a golden cross, a bullish pattern triggered when the 50-day SMA moves above the 200-day SMA. On October 5, this golden cross had sparked optimism in the market, but the rapid shift underscores the heightened volatility in Dogecoin price action.

Krisspax, a member of the Dogecoin community, commented on the development in a recent 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 unusually short interval between a golden cross and a death cross, just three weeks, points to an abrupt change in momentum for Dogecoin. Typically, a golden cross is interpreted by technical analysts as a sign that medium-term price action is improving, while a death cross signals weakening momentum in the short term relative to the longer trend.

Price volatility intensifies

Dogecoin’s price rallied in the days preceding the death cross, climbing for three straight sessions and reaching a local high of $0.081 on October 29. However, after this rally, a sharp decline followed as trading sentiment shifted.

On Thursday, Dogecoin fell to $0.074, then extended losses to $0.072 on Friday. This price level was last seen in August 2026 and coincided with market reactions to Binance’s $6.3 billion security breach, which has been described as the largest theft in the history of digital assets.

CoinGlass, a cryptocurrency analytics platform, reported that total liquidations across the market reached $1.68 billion in the past 24 hours. Long positions, which are trades betting on higher prices, made up the vast majority of these liquidations at $1.43 billion.

Traders will be watching technical levels closely, with the next key support for Dogecoin identified at $0.069 and resistance remaining near $0.086, which aligns with the daily moving averages.

Mini dictionary: Death cross — A technical analysis pattern that occurs when a shorter-term moving average, usually the 50-day line, crosses below a longer-term moving average such as the 200-day line, often considered a bearish signal indicating potential further declines in price.