Dogecoin on Verge of Back-to-Back Death Crosses: Details

Cover image via U.Today

The cryptocurrency market's complexities often leave investors relying on price charts and technical indicators for clarity. Moving averages are a key example. Recently, Dogecoin (DOGE), a prominent cryptocurrency, displayed a classic bearish pattern.

A "death cross" formed on DOGE's chart as the 23-day moving average crossed below the 200-day moving average. This often signals a price decline, and indeed, DOGE's price subsequently dropped over 30%, from $0.24 to $0.164. Previous：Without Next：109,251,856 Dogecoin (DOGE) Stun Long Traders in Overnight Sell-off