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Dogecoin Approaches First Death Cross of 2026 as Short-Term Moving Average Falls

DOGE trades near eight cents as its 50-day moving average slides toward its 200-day line, signaling a potential technical death cross.

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Dogecoin is nearing its first daily death cross of 2026, a technical chart pattern where the 50-day moving average drops below the 200-day moving average. The formation follows a golden cross recorded earlier in October. As of October 16, DOGE was trading near $0.0806, representing a 5.3% decline over seven days and an 89% decrease from its May 2021 peak.

DOGE's 50-day simple moving average stood at approximately $0.0882, with the spot price trading roughly 9% beneath it. While the 200-day average has flattened, the declining 50-day indicator continues to track lower toward an intersection.

The technical weakness coincides with macroeconomic and structural headwinds. U.S. wholesale prices increased 6.3% year-over-year in September, accompanied by a Federal Reserve interest rate hike and expectations of another move in December. In addition, Dogecoin's uncapped supply currently has 156.4 billion tokens in circulation, giving the network a market capitalization of $12.6 billion.

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