DOGE Crashes 90%, Hits 3-Year Low Amid Historic Oversold Signal
Dogecoin has been trading under pressure as the broader crypto market struggles to gain momentum. The memecoin's price has slipped by nearly 2% over the past week, with investors reducing exposure to major digital assets.
According to analyst Ash Crypto, Dogecoin is now at its most oversold level in history after a dramatic fall from its previous highs. It is trading roughly 90% below its all-time high and has recently fallen to a three-year low near $0.067.
The monthly Relative Strength Index (RSI) for Dogecoin has fallen below levels recorded during the 2022 crypto market bottom, indicating that the token may be approaching a potential reversal. Some analysts believe that DOGE could offer an attractive entry point if buyers begin returning to the market.