Dogecoin has entered one of its most oversold phases ever, dropping more than 10% over the past thirty days as the memecoin market lost over $2 billion in market capitalization. DOGE now trades near a three-year low of $0.067, down roughly 90% from its all-time high, with its monthly RSI falling below levels seen during the 2022 bear market bottom. This move pushed DOGE below the key $0.08-$0.07 support zone for the first time since late 2023 and early 2024, leaving many holders underwater. The market remains split between bears who believe the correction is not over and bulls who argue that historically extreme RSI levels have marked major bottoms, with some analysts forecasting a potential move toward $1.
Source: Read the original article
