Crypto
Dogecoin Plunges 90% from Peak, Hits Three-Year Low
As of August 4th, Dogecoin (DOGE) has plummeted 90% from its peak levels, hitting a three-year low at $0.067.
This decline comes as the meme cryptocurrency continues to trade beneath $0.070, down 3% since the start of August.
According to market analyst Ash Crypto, DOGE is currently exhibiting the most extreme oversold readings in its history, surpassing even those seen during the 2022 bear market nadir.
The RSI (Relative Strength Index) metrics show deeper oversold conditions than the 2022 low, with a current reading of around 39.