Dogecoin Hits Three-Year Low Amid Market Selloff

Dogecoin has fallen to a three-year low near $0.067, marking a decline of about 90% from its all-time high. The token's monthly RSI is at its most oversold level historically, sparking debate over a possible rebound or further decline.

Despite weak price action, on-chain data shows increased user activity, suggesting potential for recovery if buying interest returns. Analysts caution investors to watch for signs of a reversal near this major support zone.