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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