Dogecoin News Today: Is DOGE Facing a 90% Drop After the Death Cross or Poised for a Surge from $0.22?

Dogecoin at a Crossroads: After Plunging 36%, Is There More Downside Ahead?

Dogecoin (DOGE) has tumbled 36% from its September peak and is currently trading at $0.1981, raising investor fears of further declines. Technical analysis points to sustained bearish momentum, with DOGE approaching crucial support zones and possibly forming a death cross—a bearish indicator where the 50-day exponential moving average (EMA) falls below the 200-day EMA, as highlighted in a

. Experts caution that might revisit $0.1515, representing a 22% slide from its current price, while a breach under $0.0570 could spark a dramatic 90% plunge to $0.0052, according to Coinpaper.

The weekly chart displays a bearish flag, with prices dropping between $0.4838 and $0.1295, indicating increased risk. Large holders have intensified selling, unloading 2 billion DOGE—valued at over $400 million—within two days, as reported by

. This significant sell-off highlights mounting doubts about DOGE’s recovery prospects, especially as institutional participation remains limited despite the recent introduction of the REX-Osprey DOGE ETF.

Launched in September with $30.7 million in assets, the DOGE ETF has experienced flat inflows, falling short of the $100 million-plus seen by its

equivalent, according to Coinpaper. The ETF’s 1.5% expense ratio—much higher than most U.S. ETFs—has discouraged cost-sensitive investors, Coinpaper also observed. Meanwhile, the broader crypto market has faced $364 million in liquidations this month, fueling volatility and shaking confidence.

Technical experts point to the impending death cross as a pivotal event. Although such signals lag behind price action, they often reinforce negative sentiment, particularly in a market that has already lost 65% since December’s $0.48 high, as per a

. The combination of a death cross and a bearish flag on the weekly chart signals ongoing downward pressure unless new bullish factors emerge, Coinpaper warned.

Despite the bleak outlook, some analysts believe oversold conditions could attract value-seeking buyers. DOGE is hovering near $0.20, with support at $0.19 and resistance at $0.22, BeInCrypto noted. A move above $0.22 could shift momentum upward, targeting $0.26 and potentially $0.31—a 53% recovery. However, failing to maintain key support could lead to an extended decline.

The SEC’s recent approval of broad listing rules has sped up crypto ETF launches, but DOGE’s weak performance highlights ongoing challenges. While XRP and DOGE ETFs saw $54.7 million in combined opening volume, a

pointed out that DOGE’s higher fees and slower adoption have limited its attractiveness. With no clear positive drivers ahead and continued large-scale selling, DOGE’s recovery path remains uncertain.