For Dogecoin ($DOGE ) on November 4, the outlook is turning increasingly cautious. The token is hovering around the ~$0.17 mark and technical indicators point toward further downside risk. Notably, DOGE’s daily chart recently formed a “death cross” — where the short‑term moving average falls below the long‑term average — which historically signals bearish momentum. Also weighing in: whales reportedly dumped roughly $440 million in DOGE in the days leading up to this drop, reducing liquidity and market confidence. Some analysts warn that the $0.10 level, once seen as extreme, could become the new “fair value” zone if the trend persists, rather than a sharp crash.

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