Dogecoin Death Cross Signals Potential Price Drop

A bearish technical signal has emerged on the hourly chart of Dogecoin, raising concerns among traders about potential price declines. The ‘death cross’ pattern, characterized by the short-term moving average crossing below the long-term one, is often seen as a sign of declining momentum and possible weakness. This development comes after Dogecoin experienced a brief surge in price, but its overall trend remains bearish.