The cryptocurrency market is closely watching Dogecoin (DOGE) as technical indicators point to a potential 20% price decline. A death cross pattern, where short-term moving averages cross below long-term ones, has emerged, raising alarm bells for investors. This bearish signal coincides with declining DOGE ETF inflows, which may be contributing to the pressure on prices. While the absence of public statements from prominent figures like Elon Musk and Vitalik Buterin adds to the uncertainty, the market reaction is evident in a rise in exchange deposits, potentially signaling increased selling activity. Experts highlight this potential downturn’s impact on broader crypto asset volatility as it reflects investor behavior and concerns about technical indicators. 20% decline in DOGE price could trigger ripple effects across the entire cryptocurrency market, including meme coins such as Shiba Inu (SHIB) and Pepe (PEPE). Other top assets like Bitcoin and Ethereum are also experiencing a decrease in value, with some reporting a 5-8% drop according to CoinGecko. Despite growing investor interest in cryptocurrencies and potential regulatory support for ETFs from the SEC, Dogecoin has not yet received approval for an ETF. The lack of official filings and historical data suggesting previous death crosses resulted in prolonged price drops, raise questions about DOGE’s long-term stability. As of November 5, 2025, there are no verified statements from key figures regarding the potential price decline, leaving investors to navigate the uncertainties surrounding this market development.