Dogecoin Bear Cross Triggers Debate Among Technical Analysts

Dogecoin (DOGE) has posted a rare weekly bearish cross, as its 20-week exponential moving average fell below the 200-week EMA. This crossover has historically been a sign that DOGE has bottomed out, according to technical analyst Charting Guy, who flagged the signal.

Charting Guy increased his position in DOGE by 50% at the lows and believes that the token will continue to rise. However, not all traders share this conviction. Daan Crypto Trades called the bounce off $0.08 a constructive move, but framed it as a range trade rather than a trend reversal.

Daan Crypto Trades sees the current price range of $0.08, $0.13 as a large range and believes that DOGE will need to break out above this level before he can assume a direction for the token. João Wedson, CEO of Alphractal, took a more bearish tone, warning that if you are long on Doge, you will likely be liquidated soon.

Wedson tied DOGE's activity to broader market conditions and noted that the memecoin's rallies often happen when Bitcoin (BTC) is moving sideways. He also pointed out that the aggregated liquidation heatmap shared by Alphractal shows thick bands of potential liquidation levels sitting below DOGE's current price, suggesting stop-driven cascades if the token breaks lower.