Dogecoin’s weekly chart is about to do something it hasn’t done in over three years — form a death cross.
The 50-week moving average is dropping toward the 200-week moving average. If the 50 slips below, that’s a death cross confirmed. The last time this happened on a weekly timeframe was February 2023.
Here’s the thing about Dogecoin’s weekly crossovers: they’ve been rare but meaningful. In February 2021 a weekly golden cross preceded a 3,600% surge to the all-time high of $0.74. Another golden cross in November 2024 pushed price up eight consecutive weeks to $0.48.
The only other weekly death cross? February 2023. And what happened then? Practically nothing. Price just sat in a range for months.
So history is mixed. Death crosses on this timeframe have been more of a meh signal than a disaster. But traders are watching closely anyway — a signal this rare always gets attention.
DOGE was trading around $0.074 at writing.
