Dogecoin Price Risks Another Death Cross as DOGE Crashes 9%

The recent resistance at $0.30 has further added to the bearish pressure. The DOGE price faced rejection on good volume, and the latest red candles have had greater participation. This makes it seem like the downside was not just a coincidence.

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Although support sits close by, the question remains whether buyers are prepared to step in ahead of another bearish crossover. A hold above $0.30 could stabilize things for now. However, the narrative might shift again if support falls below this level.

As of press time, DOGE is priced at $0.2647, down 9.2% over the past 24 hours. The trading volume also decreased by over 17.9% to $6.5 billion. Dogecoin has decreasing interest, further validating the impending death cross.

Dogecoin investors still have hope

While the DOGE price is down over the past 24 hours, it is up more than 13.5% on the weekly charts. Likewise, the price of Dogecoin has rallied 14.8% over the past month.

The weekly and monthly price surges, therefore, suggest that DOGE is in a consolidation phase. Typically, the emergence of a bullish signal during such periods usually results in bullish price reversals.

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For DOGE, the

meme coin

recently confirmed a golden cross on its four-hour chart. If this trend plays out again, it would invalidate the looming death cross, demonstrating a bullish outlook.

Two key factors to help fuel a DOGE price breakout include incoming ETFs and the accumulation of new crypto treasury companies.