Dogecoin Faces Renewed Pressure as Bitcoin’s Death Cross Rattles Meme-Coin Market

Dogecoin briefly rallied more than 4% to reach $0.156, but late-session selling quickly erased most of its momentum as broader crypto markets reacted to Bitcoin’s newly triggered Death Cross. The crossover—where BTC’s 50-day moving average slid beneath the 200-day moving average for the first time since 2022—sparked fresh concerns across risk-on assets and pushed sentiment deep into Extreme Fear. With Bitcoin dropping below $94,000 and ETF outflows accelerating, liquidity across the meme-coin sector tightened sharply, placing additional pressure on DOGE just as bullish traders attempted to build a breakout structure.

Despite the turbulent backdrop, Dogecoin showed early strength. Buyers stepped in aggressively around the $0.155–$0.158 support zone, defending the level with volume nearly 30% above weekly norms. DOGE briefly broke above $0.164 during intraday trade, a sign that institutional players may have been accumulating beneath market price as 1.26 billion DOGE exchanged hands. This heavy bid activity helped stabilize the chart and pushed the token into an ascending structure that hinted at a potential continuation move.

However, the market tone shifted as Bitcoin extended its decline and algorithmic selling rippled through altcoins. The final hour of trading brought a decisive wave of profit-taking, pulling DOGE down 2.5% and breaking its last higher-low pattern. This reversal underscored how closely Dogecoin remains correlated with Bitcoin’s macro trend—particularly during periods of liquidity contraction, when meme coins historically underperform.

Heading into the week, traders are watching whether Dogecoin can hold the critical $0.158 level. Sustained accumulation here would suggest whales are absorbing the macro-driven sell pressure. A daily close below it, however, exposes DOGE to a fast move toward $0.152 or even $0.148 as trading depth thins. To regain bullish momentum, the token must reclaim $0.160 and push decisively through the $0.163–$0.165 resistance zone.

Market participants should also monitor volume, as spikes above 1 billion DOGE often align with trend continuation. Ultimately, Bitcoin’s ability to stabilize above $93,000—and whether ETF outflows slow—will dictate short-term volatility across the entire meme-coin landscape, keeping DOGE firmly tied to macro sentiment in the days ahead.