DOGE Down 90% From Its Record High: Is a Major Rebound Possible?

• DOGE remains bearish after falling 90%, with $0.0670 serving as crucial short-term support.
• Extremely oversold RSI readings could attract buyers seeking a potential rebound.
• Rising Open Interest suggests renewed participation, but DOGE must reclaim $0.0758 first.

Dogecoin has suffered a steep decline, leaving traders searching for signs of recovery. DOGE recently slipped below $0.0700 after months of persistent selling. The meme coin now sits about 90% below the record high. However, extreme oversold readings could attract buyers seeking a rebound. DOGE also holds near a major support zone around $0.0670. The next move could determine whether sellers extend the decline or buyers finally return.

Dogecoin Tests Three-Year Low as Bearish Signals Persist

DOGE traded between $0.0691 and $0.0698 during Thursday’s session. The token has already lost around 3% during August’s opening week. The decline extends a broader downtrend that started from May highs near $0.1186. DOGE recently touched approximately $0.0670, marking a three-year low. That level now serves as the most important short-term support floor. The current weakness has pushed DOGE far below previous market peaks.

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