DOGE’s Double Death Cross Drama: Is Your Meme Coin in Peril?

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Oh, Dogecoin, you cheeky little scamp. Just when we thought you were done with your mid-life crisis, you’ve gone and painted yourself into a technical corner. As of this week, DOGE is clinging to life at a measly $0.107 – barely keeping its head above the October 10th drowning pool of $0.0995, where $40 billion (yes, billion, with a B) got liquidated faster than a bad Tinder date. Ouch.

But wait, it gets better! Above this financial soap opera, a double death cross is brewing like a storm cloud at a family BBQ. The 23-week and 50-week simple moving averages (SMA) are about to tango below the 200-week exponential moving average (EMA). It’s like a bad rom-com, but with charts. And let’s be honest, no one ignores a double death cross – especially when it’s as dramatic as this one on TradingView. Pass the popcorn.

The red EMA200 line is sitting pretty at $0.15322 per DOGE, while the 23-SMA and 50-SMA are sliding down like they’ve just been handed the bill at a fancy restaurant ($0.17215 and $0.18505, respectively). Crypto traders are watching this hot mess unfold like it’s the season finale of their favorite reality show. Will DOGE survive? Spoiler alert: probably not without a miracle.

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The rescue plan for DOGE (or lack thereof)

If Dogecoin doesn’t pull a Houdini and break higher, it’s looking at a rollercoaster of chaotic volatility. That orange circle on the chart? That’s the danger zone, and it’s closer than your ex’s new Instagram post. Expect it to hit within the next few candles – possibly by late February. Mark your calendars, folks.

Historically, a single death cross has led to a 15-30% drop in meme coin cycles. But a double cross? That’s like adding insult to injury. The $0.09-$0.11 support band might as well be made of wet tissue paper if the bulls don’t step up and reclaim at least $0.153 soon. And let’s face it, unless a whale with deep pockets swoops in like a crypto superhero, DOGE might be in for a rough year.

So, what’s next? Will DOGE rise from the ashes like a phoenix, or will it become the punchline of every crypto joke? Only time (and a lot of memes) will tell. Grab your popcorn, folks – this is going to be entertaining.

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2026-02-03 17:33