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Dogecoin eyes daily death cross in 2026 as price trades near $0.081

Dogecoin eyes daily death cross in 2026 as price trades near $0.081

Cointurk2026/10/16 17:30
By: Cointurk
DOGE-0.34%

Dogecoin, one of the largest and most widely recognized memecoins, could soon experience its first daily death cross of 2026 as key moving averages trend toward convergence. The daily MA 50 has started to slope downward while the daily MA 200 remains flat, forming a setup that analysts watch for signs of bearish momentum ahead.

Death cross risk rises as bulls and bears clash

The emergence of a death cross—when a short-term moving average drops below a long-term moving average—often signals potential downward price pressure. Dogecoin last witnessed such a crossover on its daily chart in November 2025, leading to a prolonged period of price decline before the most recent golden cross suggested a bullish turn in October 2026.

Despite October’s bullish signal, profit-taking across the broader crypto market drove Dogecoin sharply lower, touching $0.077. Market observers noted increased selling from investors acting on macroeconomic cues and technical setups, prompting concerns that bears may seek to invalidate the recent bullish momentum with another bearish cross on daily charts.

The exact timing of the potential death cross remains uncertain. A sudden trend reversal or renewed buying could counteract the bearish technical setup, keeping bulls engaged as price action unfolds in the coming days.

Market volatility follows inflation data and Fed commentary

This week brought renewed volatility to crypto markets, including Dogecoin, as investors reacted to unexpectedly strong inflation numbers in the United States. The producer price index for September jumped 6.3% year-over-year, registering the largest increase in wholesale prices since 2022. The previous day, CPI data also came in higher than anticipated.

US Federal Reserve Chairman Kevin Warsh commented on the inflationary trend and outlined the institution’s recent monetary policy response. In September, the Fed delivered its first interest rate hike in over three years and, while widely expected to avoid raising rates again in October, markets now anticipate another increase in December.

Amid broader market swings, Dogecoin recovered from its lows and gained 3.19% over the last 24 hours to reach $0.081, as buyers moved in during the latter part of the session.

Analyst signals optimism despite looming technical risk

Despite bearish technical patterns, some analysts see reasons for optimism regarding Dogecoin’s price prospects. Crypto analyst Ali, known for chart-based market commentary, outlined three factors that could support DOGE’s price in the near term. First, the TD Sequential indicator has issued a buy signal on Dogecoin’s daily chart near $0.081, a level historically associated with potential trend reversals.

Second, analysis of the URPD (UTXO Realized Price Distribution) metric reveals that approximately 36 billion DOGE were previously traded near the $0.081 price, suggesting this area may act as a significant support level. Third, on-chain data shows that large holders—often called “whales”—acquired an additional 600 million DOGE since October 12, further indicating accumulation.

Mini dictionary: TD Sequential — A technical analysis indicator designed to highlight potential exhaustion points and trend reversals. The tool consists of a sequence of bullish and bearish counts, often used to time market entries and exits.

Should Dogecoin sustain support at $0.081 and manage a rebound, Ali points to the $0.16 to $0.17 range as a possible profit-taking target for traders.

Event Last Occurrence Current Status
Death cross on daily chart November 2025 Potential by 2026
Golden cross on daily chart October 2026 Invalidated by profit-taking
Major price support (per URPD) $0.081 Active

Crypto analyst Ali emphasized the confluence of technical and on-chain signals at $0.081, arguing that this level could become a key turning point for Dogecoin, especially if whale accumulation continues.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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