DOGE Plunges Below $0.0700: Four-Year Low Looms

Dogecoin (DOGE) continues to slide under the weight of bearish sentiment in the broader market, plummeting more than 55% from its yearly peak of $1.5666.

The meme coin's downward trajectory has been ongoing, with DOGE struggling to find support despite a gradual increase in perpetual futures Open Interest (OI), which currently stands at approximately 16 billion DOGE.

Despite this modest retail activity, the path of least resistance for Dogecoin remains downward, with bears still holding significant control over the market.