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Dogecoin has just formed a death cross on its daily chart for the first time since 2026. The 50-day simple moving average (SMA) has crossed below the 200-day SMA, completing a death cross on the daily chart. The last time Dogecoin saw a death cross signal on its daily chart was in November 2025, which preceded months of downward price action.

The development comes only about three weeks after Dogecoin recorded a golden cross on its chart. On Oct. 5, Dogecoin's shorter-term moving average, the 50 DMA, moved above the 200 DMA in a bullish golden crossover.

Krisspax, a Dogecoin community member, highlighted this development in an 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 golden cross and death cross signals on Dogecoin's daily chart are unusually close to each other. There is about a 3-week gap between them, indicating a sudden change in momentum.

A golden cross is generally interpreted as a sign of improving medium-term momentum, while a death cross suggests that the shorter-term trend has weakened relative to the longer-term trend.

Dogecoin price drops

Dogecoin's price surprisingly rose ahead of the death cross signal, rising for three consecutive days to reach a high of $0.081 on October 29 before momentum slipped.

DOGE sharply fell to a low of $0.074 on Thursday, extending the drop on Friday to a low of $0.072, last seen in August 2026, as the market reacted to the news of Binance's $6.3 billion heist, deemed the largest in crypto history.

Total liquidations reached $1.68 billion in the last 24 hours, according to CoinGlass. Long positions, bets that prices would rise, accounted for the majority of the total at $1.43 billion.

Support is expected next at $0.069, while resistance stays near $0.086, around the daily moving averages.