Dogecoin Price Crash Looms as Flag, Death Cross, Falling DOGE ETF Inflows Coincide

crispus
Updated
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Analyst Predicts Dogecoin Price Crash

Highlights

  • Dogecoin price has formed a bearish flag pattern on the weekly chart.
  • It is about to form a death cross pattern as the 50-day and 200-day cross each other.
  • Inflows of the recently launched DOGE ETF have slowed.

Dogecoin price has crashed in the past few weeks as it moved into a bear market. DOGE has dropped by 36% from the September high, and numerous catalysts points to a steeper plunge as its ETF inflows slow. 

Frequently Asked Questions (FAQs)

1. What is the most likely Dogecoin price forecast?

The most likely scenario is where the DOGE price continues falling as it has formed a bearish flag pattern on the weekly chart. It is also about to form a rising wedge pattern.

2. Is DOGE a good coin to buy today?

Dogecoin is at risk of a strong bearish breakout in the coming days, making it a risky buy today.

3. What is the main risk for the Dogecoin ETF?

Dogecoin ETF inflows growth is slowing because of the ongoing risk-aversion among investors after the recent surge in liquidations.
coingape google news coingape google news
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

DOGE

Dogecoin

$0.19534728 2.51% (24h)

24 Hours volume

$3.05B

Market Cap

$29.14B

Max Supply

NA

Buy $DOGE with BitGet
About Author
About Author
Crispus is a seasoned Financial Analyst at CoinGape with over 12 years of experience. He focuses on Bitcoin and other altcoins, covering the intersection of news and analysis. His insights have been featured on renowned platforms such as BanklessTimes, CoinJournal, HypeIndex, SeekingAlpha, Forbes, InvestingCube, Investing.com, and MoneyTransfers.com.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.