Dogecoin Completes Its First August Death Cross. What Does It Mean?

cryptonews.ruPublicado em 2026-08-06Última atualização em 2026-08-06

Resumo

Dogecoin has experienced its first short-term "death cross" of August 2026, with the 50-day moving average dropping below the 200-day moving average on the hourly chart. The price of DOGE has been declining since August 3rd as momentum weakens. This follows a weekly death cross in late July, the first since 2023, which historically preceded price stagnation for the meme cryptocurrency. Currently, Dogecoin is down 1.7% to $0.068, with weekly losses at 2%. Key resistance upon an upward move is seen between $0.073 and $0.08. The broader crypto market showed mixed sentiment as investors awaited key U.S. employment data. On-chain data shows a positive development: active DOGE addresses surged 16% weekly from 38,000 to 44,000, indicating heightened blockchain activity. Furthermore, Dogecoin spot ETFs saw a net inflow of $82,640 on August 4th, marking the first day of net inflows since July 21st. So far in 2026, DOGE ETFs have recorded only 9 days of net inflows, with total net assets reaching $10.11 million and cumulative net inflows at $12.20 million.

The first death cross on Dogecoin's short-term chart formed in August 2026: the 50-day moving average (MA) fell below the 200-day MA on the hourly chart. Since August 3, Dogecoin's price has been falling as momentum slows down.

The decline of $DOGE occurred after Dogecoin completed its first weekly death cross since 2023 in late July, which historically preceded a period of price stagnation for the joke cryptocurrency.

At the moment, Dogecoin is down 1.7% with a price of $0.068, with weekly losses at 2%. In case of an upward movement following Bitcoin, resistance will be in the $0.073-$0.08 range.

On Thursday, the cryptocurrency market showed mixed dynamics as investors prepare for the release of Friday's U.S. nonfarm payrolls and unemployment rate data for July. Experts forecast an increase of 83,000 jobs, and the unemployment rate is expected to remain unchanged.

Returning to Dogecoin, crypto analyst Ali Martinez reported a 16% weekly increase in active $DOGE addresses, rising from 38,000 to 44,000, indicating a sharp surge in blockchain activity.

Furthermore, it appears that inflows into Dogecoin ETFs are resuming. On August 4, spot $DOGE ETFs recorded their first day of net inflows since July 21. According to SoSoValue, it amounted to $82,640.

In 2026, spot $DOGE-based ETFs have recorded only 9 days of net inflows. The total net assets in Dogecoin ETFs have reached $10.11 million, and the cumulative net inflow equals $12.20 million.

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Perguntas relacionadas

QWhat is a 'death cross' and when did it first appear on Dogecoin's short-term chart in August?

AA 'death cross' is a technical chart pattern where a shorter-term moving average, like the 50-day MA, crosses below a longer-term moving average, like the 200-day MA. For Dogecoin, the first such pattern on its short-term chart occurred in August 2026 on the hourly chart.

QWhat happened to Dogecoin's price following the weekly death cross at the end of July?

AFollowing the weekly death cross at the end of July, Dogecoin's price began to fall as momentum slowed. The article notes that similar patterns have historically preceded price stagnation for the meme coin.

QAccording to analyst Ali Martinez, what was the percentage increase in the number of active DOGE addresses over a recent week?

ACrypto analyst Ali Martinez reported a 16% increase in the number of active DOGE addresses over a recent week, rising from 38,000 to 44,000. This indicates a sharp rise in on-chain activity.

QOn what date did spot DOGE ETFs record their first day of net inflows after a period without any?

ASpot DOGE ETFs recorded their first day of net inflows on August 4th, following a period with no net inflows since July 21st.

QWhat are the total net assets and the cumulative net inflow for Dogecoin ETFs as reported in the article?

AAs reported, the total net assets for Dogecoin ETFs reached $10.11 million, and the cumulative net inflow was $12.20 million.

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