Dogecoin's Crucial Support Crumbles Below $0.08

Dogecoin (DOGE) has fallen below its most significant moving-average level since May, reaching $0.0808 and dropping below the 100-day EMA near $0.0816.

The August rally was unable to establish a sustainable reversal for DOGE, which had briefly tested the 200-day EMA at $0.0944 but failed to reclaim it.

With deceleration increasing, the possibility of further retracement grows, particularly if DOGE closes below its current support cluster between $0.080 and $0.082.

The RSI has declined from overbought territory during the August breakout to 51, indicating that bullish momentum has largely vanished.