DOGE Plunges 90%: Can It Rebound From Oversold Territory?

Dogecoin has seen a significant decline in recent months, falling approximately 90% from its record high. The token currently sits at around $0.0670, with $0.0758 serving as crucial short-term resistance.

The extreme oversold RSI readings could attract buyers seeking a potential rebound. However, DOGE must reclaim $0.0758 first before any significant recovery can be seen.

Rising Open Interest suggests renewed participation, but the current bearish trend remains intact. Analyst CW noted improving upward momentum across DOGE, with net long positioning increasing as traders look for stabilization.