A possible weekly death cross in Dogecoin has raised the likelihood of the signal reappearing for the first time in three years, prompting the market to watch closely.

U.Today, a blockchain media outlet, reported on July 4 that Dogecoin’s weekly 50-week moving average is sloping lower and has entered a zone where it could meet the 200-week moving average within the next few weeks.

The key is whether the 50-week line falls below the 200-week line. If, after the two lines converge, the 50-week average breaks below the 200-week average, a death cross is confirmed. Golden crosses and death crosses have appeared several times over shorter time frames, but on the weekly chart the signal is rare, appearing only three times since February 2021. Two were golden crosses, and only one death cross was confirmed.

That is why this signal is drawing attention. The article said this rare bearish technical signal has not appeared on the weekly chart for more than three years. The last time Dogecoin recorded a weekly death cross was February 2023.

Past moves show cases where weekly crossover signals and price action moved in the same direction. After a weekly golden cross in February 2021, Dogecoin’s price rose over the following months. It climbed 3,600 percent from a February 2021 low of $0.02 to an all-time high of $0.74 in May 2021.

A similar episode continued in November 2024. After a weekly golden cross, Dogecoin rose for 8 straight weeks from October that year, reached $0.48 in December 2024, then pulled back. With strong rallies following both weekly golden crosses, market participants are watching what outcome the opposite signal may produce this time.

Still, the market reaction to the only past weekly death cross was closer to stagnation than a sharp drop. After the February 2023 death cross, Dogecoin’s price did not show a clear direction immediately and traded within a range for several months. The lack of clear momentum right after that signal is also drawing market attention.

As a result, the latest death-cross risk is being read as more than a simple chart event, and as a signal to gauge whether Dogecoin enters a long-term range rather than a short-term plunge. The crossover has not yet been confirmed, and whether it is validated will depend on the moves of the 50-week and 200-week lines over the next few weeks. The market is focused on whether a weekly death cross occurs and, if it does, whether the reaction remains limited as in 2023.