Dogecoin price faces risk of "death cross" again, Dogecoin plummeted 9%

Dogecoin (DOGE) has fallen more than 9% in the past 24 hours, approaching a potential death crossover as its 9-day moving average is approaching a bearish intersection with the 26-day moving average. Despite recent resistance at $0.30 and trading volumes declined, DOGE maintained a weekly increase of 13.5% and a monthly increase of 14.8%, indicating that the market is consolidating. The recent gold crossover on the 4-hour chart, as well as potential catalysts such as ETF listings and cryptocurrency reserve increase, may support a bullish reversal.