The price chart for Dogecoin (DOGE) recently showed a death cross, indicating a potential downward trend for the cryptocurrency. After the death cross appeared, the price of Dogecoin dropped over 30%. Another death cross is approaching as the 50-day moving average is set to cross the 200-day band. There is a chance that the moving averages may bounce back after a collision, but given recent market trends, it is less likely. Until the second death cross occurs, there is uncertainty and a probability of more pain for Dogecoin investors.
Other News from Today
How Much Further Can Bitcoin (BTC) Fall? Analyst Answers, Explains Events That Could Start the Rise!