Dogecoin approaching first weekly death cross in three years, indicating potential long-term price range
July 6, 2026
Dogecoin is potentially on the brink of experiencing a weekly death cross for the first time in three years, raising concerns in the cryptocurrency market. The 50-week moving average of Dogecoin is currently in a downward trend and is on track to intersect with the 200-week moving average in the coming weeks, as reported by U.Today. The critical moment will be if the 50-week average dips below the 200-week average, at which point a death cross will be confirmed. Death crosses and golden crosses, where the 50-week moving average crosses below or above the 200-week moving average, are not uncommon in shorter time frames; however, they are rare on the weekly chart. Since February 2021, there have only been three instances of these crosses appearing on the Dogecoin chart, with two being golden crosses and one being a death cross.
This potential death cross is gaining attention due to its rarity and significance. The last time Dogecoin experienced a weekly death cross was in February 2023. Historical data shows that past crossover signals have often coincided with subsequent price movements. Following a weekly golden cross in February 2021, Dogecoin’s price surged by 3,600% from a low of $0.02 to a record high of $0.74 in May 2021. A similar pattern emerged in November 2024, with Dogecoin witnessing a bullish trend after a weekly golden cross, climbing to $0.48 in December of that year before retracing.
However, the market response to past death crosses has been less straightforward compared to golden crosses. Following the February 2023 death cross, Dogecoin’s price failed to exhibit a clear trajectory and instead traded within a range for several months, highlighting the uncertainty surrounding these signals. Analysts are closely monitoring the current situation to determine whether a potential death cross could lead to an extended period of consolidation rather than a sharp decline in Dogecoin’s price.
The market is eagerly awaiting confirmation of the death cross and observing how the market will respond, drawing parallels to the 2023 scenario. The outcome of this potential death cross will largely depend on the movements of the 50-week and 200-week moving averages in the weeks ahead. As such, the current focus is on whether Dogecoin will remain range-bound in the long term if the death cross materializes, echoing the subdued market reaction observed in 2023. Investors are advised to monitor these developments closely to assess the implications for their holdings in Dogecoin amid the evolving cryptocurrency landscape.
