Crypto Market Prediction: Dogecoin (DOGE) Death Cross Confirmed, Bitcoin (BTC) Fights $500 Million Sell Wall, Ethereum (ETH) Price Recovery Here?

The state of the market is currently not improving, as indicated by the lack of netflows, which confirms the negative outlook. Larger and less volatile assets experience slower downslides, whereas smaller assets like Dogecoin quickly lose local support levels.

A death cross formation—a bearish technical signal occurring when the 50-day moving average crosses below the 200-day moving average—has been confirmed for Dogecoin. Historically, such a pattern has preceded prolonged downward momentum for major cryptocurrencies.

Since early September, Dogecoin's price has been steadily declining, and the confirmation of the death cross emphasizes a months-long bearish structure. Currently trading at approximately $0.165, the coin represents a stark drop from its local peak above $0.30 earlier this year. Breaking below the $0.18 support level, it now eyes a stronger demand zone between $0.14 and $0.15.

Momentum indicators like the RSI (Relative Strength Index), currently at 39, suggest the market is approaching oversold territory, but not yet at capitulation levels. The death cross may act as a clear sell signal for swing investors and short-term traders, amplifying selling pressure as liquidity diminishes.

With prices struggling to surpass key moving averages that now act as resistance, long-term holders may grow increasingly uncertain. Without a swift recovery to $0.20, bearish control is likely to prevail through 2025, with prices potentially revisiting the $0.12-$0.13 range, last seen during a broader cryptocurrency correction earlier this year.

Bitcoin faces a potentially deeper correction phase, battling an overwhelming $500 million sell wall. The asset struggles to stay above the critical $100,000 psychological support level, with bullish momentum largely diminished despite minor intraday gains.

A sell wall concentrated across major exchanges highlights profit-taking and liquidation pressure, especially from large holders who entered positions around $90,000-$100,000. A solid market recovery is unlikely until this supply overhang is removed.

On the daily chart, Bitcoin paints a pessimistic picture, breaking below the 200-day moving average for the first time since early 2024—a signal often associated with the onset of prolonged downtrends. The price also sees weakening momentum as the 50-day and 100-day moving averages curl downward.

The RSI at 32.7 places Bitcoin near oversold levels, but any technical relief bounces are expected to be short-lived due to ongoing sell pressure. Moreover, a recent volume spike accompanying the sell-off suggests panic and forced liquidations dominate sentiment.

After enduring one of the year’s worst corrections, Ethereum seems to have found stability around the $3,000 support level, a critical psychological and technical zone that halted the mid-October sell-off. The question remains whether this area will serve as a launching pad for recovery or merely a stop before further declines.

Ethereum’s daily chart exhibits bearish technical signals, with prices remaining below downward-sloping 50-day and 200-day moving averages. However, a slight uptick in buying volume hints at possible accumulation by long-term investors.

The RSI for Ethereum, currently at 30.6, highlights an oversold condition, historically linked to short-term recoveries. If the market can hold above $3,000 and recover to $3,800-$4,000, a rally toward the $4,200-$4,300 resistance levels could be possible.

However, persistent failure to rise above the 200-day moving average could lead Ethereum into prolonged consolidation or even pull it toward $2,800 or lower. Ultimately, whether the $3,000 level holds will determine the asset's recovery trajectory as it moves toward late 2025.