The Future of Dogecoin: Bitcoin's 'Death Cross' Warning

Dogecoin Rise and Pullback

Dogecoin rose by 4.4% in the last trading session, reaching a level of $0.156. However, selling in the later hours of the session erased these gains.

Bitcoin's 'Death Cross' Development

The formation of a Death Cross in Bitcoin is being regarded as a short-term bear market signal. This situation arose when the 50-day moving average fell below the 200-day moving average.

Analysts' Opinions

Investors are warning that macro trends in Bitcoin could put pressure on memecoins. In particular, Dogecoin continues to be a sensitive asset against market fluctuations.