Dogecoin Sees Death Cross After 3 Months as Price Drops Below $0.200

Dogecoin failed to sustain its recovery momentum, slipping below $0.200 as bearish pressure intensified. The top meme coin is showing signs of weakness after a sharp decline in market sentiment.

Technical indicators suggest the downtrend could deepen in the coming days as selling pressure continues to increase.

Dogecoin whales move to sell

Dogecoin ’s Exponential Moving Averages (EMAs) just formed a Death Cross — a bearish technical signal that typically marks the end of extended uptrends. The crossover occurs when the 50-day EMA crosses below the 200-day EMA, confirming a loss of bullish momentum. The event caps off nearly three months of positive sentiment for Doge.

The Death Cross suggests that Dogecoin could face increased risk from the broader market downtrend. As investor confidence wanes, volatility could increase, further pressuring prices.

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Whale activity is adding to the bearish tone. Data shows that large Dogecoin holders have begun to Dump significant amounts of their assets. In the past week alone, whales have sold around 1.05 billion Doge, worth more than $180 million.

Whales holding 10 million–100 million Doge began selling on October 27, reducing their holdings by 800 million Doge. A larger group holding 100 million–1 billion Doge began selling yesterday, cutting another 250 million Doge from their holdings.

Such large-scale sales often weigh on price volatility and investor confidence.

This selling activity suggests that whales may have lost patience with Dogecoin 's prolonged sideways phase. Their exits typically precede broader market corrections, and the scale of the recent Dump suggests that long-term confidence is waning.

Doge price under pressure

At the time of writing, Dogecoin is trading at $0.185, just above its nearest support zone. However, bearish signals from both the EMAs and whale behavior suggest that further downside may be ahead.

If the momentum weakens further, Dogecoin could fall to $0.175 or even $0.165. This could trigger panic selling among retail traders, compounding losses in the market and delaying any recovery.

Conversely, a quick recovery could see Dogecoin reclaim $0.199 and even surpass $0.209. This would negate the bearish argument and restore some investor confidence, signaling a re-entry into the market and short-term stability.