The post Dogecoin Faces Catastrophic Death Cross: Can Elon Save DOGE or Will This $0.18 Altcoin Rule 2025 appeared on BitcoinEthereumNews.com.

Dogecoin (DOGE) has been popular among cryptocurrency enthusiasts, due to its meme factor and support from Elon Musk. The market is however shifting, and technical analysis says that DOGE could be heading for a major downturn. Experts are sounding the alarm that a death cross is close at hand, a bearish sign that may lead to significant price drops.  Meanwhile, a rising competitor, DTX Exchange, is capturing attention at just $0.18 per token, offering traders a fresh opportunity in the evolving crypto landscape. Could DTX be the altcoin that dominates 2025 while DOGE struggles to stay afloat? Dogecoin’s Death Cross Signals Trouble According to TradingView and U.Today, Dogecoin is approaching a death cross, a chart pattern that takes place when the 50-day moving average goes below the 200-day moving average. If this pattern continues, analysts predict DOGE to fall to $0.18, which is a 26% decline from its current position.  In the most extreme scenario, Dogecoin’s price may drop even lower to $0.13, which will result in a 40% drop in current levels and a 72% crash in its record highs. Yet, there is a rumor that the market already accounts for this event. Some traders believe that the death cross could be a bear trap and thus may trigger a potential stabilization or even a bounce in price. Nevertheless, overall sentiment is still bearish as meme coins struggle in the crypto space. Source: Tradingview Elon Musk’s Influence Faces Its Biggest Test Elon Musk has been a key driver of Dogecoin price action in the past. His X (formerly Twitter) posts, Tesla merchandise purchases with DOGE, and public statements have helped fuel Dogecoin rallies. Yet even Musk’s power appears to be declining against technical issues and a struggling wider crypto market. Can Musk reverse the death cross or will Dogecoin’s…

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Filed under: News - @ March 9, 2025 10:21 am