Dogecoin (DOGE) fell below the $0.07 support level to hit 2023 lows at $0.068, with a 4.3% decline on the daily chart. Trading volume surged 57% to $866 million, while long liquidations reached $8.20 million over 24 hours, compared to just $552,490 for short positions. Futures netflow dropped 361.34% to -$94.46 million, indicating massive capital outflows from the derivatives market. The Relative Strength Index (RSI) fell to 31.34, signaling strong bearish momentum near oversold territory. If $0.07 is not recovered, DOGE could decline toward $0.065, while a rebound above this support could target $0.075.
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