Dogecoin Falls Below Major Moving Averages as Death‑Cross Risk Looms

On July 4, Dogecoin traded near $0.07535, posting a 1.96% gain in 24 hours and bringing its market capitalization to about $12.85 billion with daily volume around $697 million. Analysts noted rising net‑position delta and a TD Sequential buy signal, suggesting accumulating interest despite the downtrend. Technical commentary highlighted higher lows on the weekly chart and an ascending support trend.

The next day, July 5, the meme‑coin slipped 1.37% to $0.0758, moving below its 30‑day simple moving average ($0.0809) and 200‑day simple moving average ($0.1032). The 14‑day RSI fell to 41.65, and the daily pivot at $0.0778 became the key resistance level, with the 7‑day SMA around $0.0742 serving as immediate support. On the weekly chart, the 50‑week moving average approached the 200‑week average, setting up a possible death‑cross — the first such configuration since February 2023.

On‑chain data showed active addresses climbing to roughly 48 000, indicating heightened network use, though price action remained cautious. Dogecoin ETFs recorded a third consecutive week of net outflows, reflecting softer demand for meme‑coin exposure.