Dogecoin Death Cross Confirmed as DOGE Falls to $0.072 Amid $1.68 Billion Crypto Liquidations
Dogecoin (DOGE) confirmed its first bearish death cross of 2026 on October 30, as the memecoin's price fell to $0.072, its lowest level since August. The technical development came during a broader cryptocurrency market correction that coincided with $1.68 billion in liquidations across the crypto market over 24 hours, according to CoinGlass data.
The death cross occurred when Dogecoin's 50-day simple moving average (SMA) dropped below its 200-day SMA on the daily chart. The formation is commonly interpreted by technical traders as a bearish signal, although it does not determine how the asset's price will move next.
DOGE's latest decline followed a brief recovery that pushed its price to $0.081 on October 29. Buying momentum subsequently weakened, sending the token toward $0.074 before it reached $0.072 on Friday. At the time of writing in the source report, Dogecoin was trading at $0.075.
Dogecoin Death Cross Follows October Golden Cross
The latest technical signal arrived less than a month after Dogecoin recorded an opposing formation. On October 5, its 50-day moving average crossed above the 200-day average, creating a golden cross that is generally associated with bullish momentum.
The subsequent death cross on October 30 means the two opposing signals occurred within approximately three weeks. Krisspax, a member of the Dogecoin community, highlighted the short interval in a post on X, describing it as the shortest gap between such formations in the token's history.
The rapid reversal illustrates how quickly Dogecoin's technical outlook changed during October. The death cross was the first recorded for DOGE in 2026, according to the source report. The previous daily-chart formation of this type occurred in November 2025.
Historical price action offers a point of comparison, although it does not guarantee a repeat of previous market behavior. The November 2025 death cross preceded an extended period of downward pressure and price consolidation before the market eventually began to stabilize.
Crypto Liquidations Add Pressure to Dogecoin Price
Dogecoin's decline coincided with a sharp deterioration in broader market sentiment following reports of a $6.3 billion security incident at Binance. The incident was associated with wider market disruption and a surge in forced liquidations across cryptocurrency derivatives platforms.
CoinGlass reported $1.68 billion in total crypto market liquidations over the preceding 24 hours. Long positions accounted for $1.43 billion of that amount, indicating that traders betting on rising prices represented the majority of liquidated positions.
Forced liquidations occur when leveraged positions are automatically closed after traders fail to maintain the required margin. When large numbers of leveraged long positions are liquidated during a downturn, the resulting selling can add pressure to already declining markets.
The figures reflect liquidations across the broader cryptocurrency market, rather than Dogecoin alone. The available information does not establish how much of the total was directly attributable to DOGE trading.
DOGE Price Levels to Watch After the Bearish Signal
Technical projections cited in the source report identify $0.069 as a potential support level if selling pressure continues. The level is below Dogecoin's reported October 30 low of $0.072 and could become important if the token extends its decline.
On the upside, resistance is estimated near $0.086, where the daily moving averages converge. A recovery toward that area would require DOGE to regain ground after its recent drop, although the technical estimates do not guarantee that the price will reach either level.
Market participants will also be watching developments at Binance following the reported security incident, particularly the restoration of withdrawal services. The ability of centralized exchanges to handle trading activity around the $0.070 support area is another factor highlighted in the source analysis.
For Dogecoin, the immediate outlook combines a bearish moving-average signal, recent price weakness and a broader market liquidation event. Whether the death cross leads to a prolonged downturn or is followed by stabilization remains uncertain and will depend on subsequent price action and market conditions.
source: crypto-economy
Writer: Ethan Collins
Crypto Journalist
Ethan Collins reports on developments across the cryptocurrency and blockchain sector. His work covers market movements, protocol updates, regulatory changes, and emerging trends in digital assets.
He focuses on presenting complex topics in a clear and accessible manner for a broad readership.
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