Dogecoin (DOGE) Pre-Golden Cross Gets Canceled

Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Dogecoin forced below Dogecoin recovery is in question Advertisement The meme cryptocurrency Dogecoin experienced another decline , pushing the asset below a crucial support zone and invalidating what had been developing into a potentially bullish technical structure. This effectively canceled Dogecoin's expected golden cross setup. DOGE has been gradually rising from its annual lows over the last few weeks, with the 50-day moving average getting closer to the 100-day moving average. Because a crossover between these indicators would have indicated growing momentum and possibly signaled the start of a broader trend reversal, traders were keeping a close eye on the setup. Instead, before the signal could appear, sellers took back control. Dogecoin forced below Dogecoin was forced below a rising support trendline that had been bolstering the recovery since February due to the recent breakdown. The 50-day and 100-day moving averages are still above the market, forming a substantial resistance cluster, and the price is currently trading close to $0.085. The unsuccessful attempt at a breakout and the subsequent rejection indicate that bullish momentum has significantly diminished. HOT Stories Dogecoin (DOGE), Shiba Inu (SHIB), Toncoin (TON), and Ethereum (ETH) Price Analysis For June 12: Getting Back in Bull Market Ripple Nemesis to Run US Intelligence DOGE/USDT Chart by TradingView Technical indicators show conflicting results. Selling pressure may be coming to an end, as the Relative Strength Index (RSI) has declined toward oversold territory. Oversold conditions by themselves, however, are rarely sufficient to initiate a long-lasting reversal, especially when the overall trend is still negative. Advertisement Dogecoin recovery is in question There is also a noticeable difference in sentiment according to market data. Coinglass data shows that long positions continue to outnumber short positions on major exchanges, and long/short ratios are still significantly skewed toward bullish wagers. Although this shows that traders are optimistic, it also raises the possibility of further negative volatility if those positions start to unwind. You Might Also Like Wed, 06/10/2026 - 11:52 Japan's Largest Marketplace Lists Shiba Inu (SHIB) and Dogecoin for 23 Million Users By Gamza Khanzadaev For the time being, the $0.08 level continues to be the most crucial support. This area is a crucial line in the sand for DOGE bulls because buyers have already defended it several times. A more significant correction might be possible if there is a clear break below it. Advertisement On the plus side, any talk of a renewed golden cross won't be relevant until Dogecoin has recovered the $0.093-$0.10 range. Until then, traders are keeping a close eye on whether DOGE can avoid another leg lower, as the market continues to be more concerned with stabilization than recovery. #Dogecoin #Dogecoin Price Prediction