Dogecoin Price Surges After Death Cross Fakeout: Will DOGE Hit $0.20 Next?

Dogecoin (DOGE), the internet’s favorite meme coin, made an unexpected comeback this week after a steep drop triggered fears of a prolonged correction. Following a bearish death cross formation, DOGE fell nearly 14%, touching lows around $0.137. 

However, bulls staged a dramatic reversal, pushing DOGE back above the $0.16 mark by Tuesday, June 24, 2025. The move caught many short sellers off guard, forcing rapid liquidations and adding fuel to the recovery.

Source: TradingView

DOGE’s Death Cross Was a False Alarm

A “death cross” typically signals bearish momentum, occurring when the 50-day moving average crosses below the 200-day moving average. Traders widely expected further downside once this technical pattern appeared. Instead, DOGE’s price bounced aggressively, proving that technical signals aren’t always foolproof — especially in low-liquidity, high-volatility meme coins.

This unexpected bounce was not triggered by celebrity tweets or viral headlines, but by a combination of oversold conditions and short squeeze mechanics. Thin order books allowed a small burst of buying pressure to snowball quickly into a full-blown recovery.

Market Stability Fuels Confidence

Another factor behind DOGE’s resurgence is the broader market’s newfound stability. Bitcoin continues to trade above $100,000, while Ethereum consolidates near $2,600. This environment gives traders the confidence to explore riskier assets, including Dogecoin, which often reacts more sharply to technical and psychological levels than fundamental news.

DOGE Price Analysis: What’s Next?

DOGE is now testing a crucial resistance zone between $0.165 and $0.17 — levels that marked a major breakdown in May. A decisive move above this range could open the door to $0.20, which was the level DOGE hovered around before the death cross appeared.

However, if bulls fail to maintain momentum and DOGE slips below $0.16 again, this week’s surge could end up being just a brief technical correction, not the start of a sustained uptrend.

READ ALSO: Can DOGE Still Hit $1 This Year?

Bitrue: A Trusted Platform for Trading DOGE

Traders interested in buying Dogecoin (DOGE) during this volatile phase can consider Bitrue — a secure and beginner-friendly crypto exchange. After completing KYC, users can access DOGE spot trading, store assets in a secure wallet, and participate in passive income opportunities via staking.

Conclusion

Dogecoin’s price rally following the death cross fakeout reminds us why meme coins remain some of the most unpredictable assets in the crypto space. While the broader crypto market provides a stable backdrop, DOGE’s ability to break through its current resistance will determine whether this is the start of a new leg higher — or just another blip on its meme-fueled journey.

READ ALSO: Dogecoin Price Analysis: Why DOGE Might Still Rise Despite Bearish Signals

FAQ

1. Why is Dogecoin’s price up today?

DOGE rebounded due to oversold conditions, a broader crypto market recovery, and a technical short squeeze after a false death cross signal.

2. What is a death cross in crypto trading?

A death cross is a bearish chart pattern where the 50-day moving average crosses below the 200-day moving average, often signaling downtrend risk.

3. Is Dogecoin a good investment now?

While DOGE has short-term momentum, it remains highly volatile. Always conduct your own research and risk assessment before investing.

4. Where can I buy Dogecoin safely?

You can buy DOGE safely on Bitrue by completing KYC verification and accessing its spot trading platform.

5. Can DOGE reach $0.20 again?

DOGE needs to break and hold above $0.17 resistance. If successful, a move toward $0.20 is technically possible in the short term.