#ProjectCrypto Dogecoin Under Pressure: Death Cross Appears and Price Breaks Support
In the last 7 days, the price of Dogecoin has dropped by -16.85%
In the past 24 hours alone, it has fallen by -3.27% to settle around $0.1985
---
📉 The Death Cross has clearly appeared on the 3-hour chart:
This pattern is considered a strong bearish signal
It may prompt investors to close their long positions, increasing selling pressure
The price broke from $0.212 and fell below several support levels
---
📊 Market Indicators:
Trading volume is low, at $2.75 billion
Relative Strength Index (RSI) = 42.34 → still far from oversold areas
This means: we may witness further declines before any rebound
---
🔁 Is there hope for recovery soon?
DOGE whales have started to move: transferring 200 million DOGE from Robinhood (worth $43 million)
If this trend continues, supply may decrease and selling pressure may lessen
Bitcoin's recovery could help lift DOGE along with it