{"id":14356,"date":"2025-10-26T16:02:21","date_gmt":"2025-10-26T16:02:21","guid":{"rendered":"https:\/\/bitunikey.com\/news\/dogecoin-price-at-risk-as-death-cross-bearish-pennant-align\/"},"modified":"2025-10-26T16:02:30","modified_gmt":"2025-10-26T16:02:30","slug":"dogecoin-price-at-risk-as-death-cross-bearish-pennant-align","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/dogecoin-price-at-risk-as-death-cross-bearish-pennant-align\/","title":{"rendered":"Dogecoin price at risk as death cross, bearish pennant align"},"content":{"rendered":"
\n

Dogecoin\u2019s price is stuck in a bear market after plunging by over 36% from its year-to-date high, and two emerging patterns point to a strong breakdown as demand wanes.\u00a0<\/p>\n

\n
\n Summary<\/span>\n <\/div>\n
\n
    \n
  • Dogecoin price could be on the verge of a strong bearish breakout.<\/li>\n
  • The coin has formed a bearish pennant pattern on the daily chart.<\/li>\n
  • It is also about to form the risky death cross pattern on the daily timeframe.<\/li>\n<\/ul><\/div>\n<\/div>\n

    <\/p>\n

    Dogecoin price forms two risky patterns<\/h2>\n

    The daily chart shows that the Dogecoin (DOGE) price has been in a downtrend this month. This crash may continue as a death cross pattern nears, with the spread between the 50-day and 200-day Weighted Moving Averages narrowing.<\/p>\n

    The last time that the DOGE price formed this risky pattern was in February this year, and the coin dropped by 50% after that.\u00a0<\/p>\n

    The Dogecoin price is also forming a bearish pennant pattern, characterized by a vertical line and a symmetrical triangle. The two lines of this triangle are now nearing their confluence levels, where bearish breakouts usually happen.\u00a0<\/p>\n

    <\/p>\n

    DOGE\u2019s price remains below the Supertrend indicator, indicating that bears are in control. Therefore, the most likely scenario is a strong bearish breakout, potentially to this month\u2019s low of $0.1493, which is ~25% below the current level.\u00a0<\/p>\n

    Dogecoin price chart | Source: crypto.news<\/figcaption><\/figure>\n

    DOGE demand is waning<\/h2>\n

    One potential reason why the Dogecoin price may crash soon is that the demand is waning. A good example of this is in the futures market where the futures open interest has tumbled.\u00a0<\/p>\n

    Data compiled by CoinGlass shows that its futures open interest has crashed below $2 billion since October 10 this year. Before that, the interest was consistently above $4 billion, as demand remained elevated.<\/p>\n

    The same trend has happened in the spot market, where the daily volume tumbled to $2.7 billion on Oct. 26, down from this month\u2019s high of $20.45 billion.\u00a0<\/p>\n

    Meanwhile, the recently launched REX-Osprey DOGE ETF has lost traction, with no inflows over the past few days. Its assets under management have remained at $32 million in the past few weeks.\u00a0<\/p>\n

    In contrast, the REX-Osprey XRP ETF has already crossed the $100 million milestone. The two funds were launched on the same day.<\/p>\n

    There are concerns that the Dogecoin price lacks a clear catalyst beyond the potential approval of additional ETFs by the SEC.<\/p>\n

    <\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

    Dogecoin\u2019s price is stuck in a bear market after plunging by over 36% from its year-to-date high, and two emerging patterns point to a strong breakdown as demand wanes.\u00a0 Summary…<\/p>\n","protected":false},"author":1,"featured_media":11853,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-14356","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/14356","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=14356"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/14356\/revisions"}],"predecessor-version":[{"id":14357,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/14356\/revisions\/14357"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/11853"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=14356"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=14356"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=14356"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}