TL;DR:
Dogecoin’s 50-day simple moving average (SMA) crossed below the 200-day SMA on October 30, 2026, completing its first death cross of the year.
The asset’s price dropped to $0.072 on Friday, October 30, 2026, a level not seen since August 2026.
CoinGlass data shows total crypto market liquidations of $1.68 billion over the past 24 hours, with long positions accounting for $1.43 billion.
The memecoin network witnessed the technical confirmation of a Dogecoin death cross this October 30 on its daily chart. The technical signal occurs amid a widespread correction that pushed the token’s price down to multi-month lows.
The pattern was confirmed when the 50-day simple moving average dropped below the 200-day simple moving average on the daily timeframe . According to technical market reports, this formation represents the asset’s first death cross recorded in 2026. The previous time the pair experienced this configuration on daily candles occurred in November 2025.
This bearish signal emerges in unusual proximity to the last bullish cross. On October 5, the 50-period average had crossed above the 200-period average in a golden cross. Barely three weeks elapsed between the two opposing events. Krisspax, a member of the Dogecoin community, noted on X that this marks the shortest interval observed for such formations in the token’s history, reflecting what they view as heightened operational market volatility.
Prior price action showed mixed behavior before consolidating the cross. Over three consecutive sessions, the price staged an advance that took it to $0.081 on October 29. However, buying momentum faded quickly during Thursday’s session.
DOGE’s price subsequently declined toward $0.074 before extending its drop to $0.072 this Friday. According to market pricing data, this value marks the cryptocurrency’s lowest level since August 2026. At the time of writing, the dog-themed crypto was trading at $0.075.
Liquidation Pressure and Key Levels
The drop in Dogecoin’s price coincided with a broader deterioration in market sentiment following reports of a $6.3 billion security incident at Binance . The fallout across derivatives platforms triggered a massive wave of forced liquidations. Data from analytics firm CoinGlass indicates that global market liquidations reached $1.68 billion over the last 24 hours. Of that total, long positions accounted for $1.43 billion , showing that most leveraged bets were positioned for upside.
Historical price action provides precedents for the impact of these patterns. Chronological records show that the death cross observed in November 2025 preceded an extended period of bearish pressure and price consolidation before sustained stabilization took hold.
From a technical analysis perspective, projections cited in the report place immediate support near $0.069 if selling pressure persists. On the upside, technical estimates position key resistance around $0.086, a convergence area where the daily moving averages operate.
Over the coming sessions, the market will monitor the restoration of withdrawal services at Binance following the incident, as well as the capacity of centralized exchanges to absorb trading volume around the $0.070 support level.
