Dogecoin slides to around $0.07, nearing yearly lows

Dogecoin fell to approximately $0.07, a level that is about 90% below its all‑time high of $0.73 reached in May 2021. The cryptocurrency is trading near a key support zone around $0.078‑$0.080, with technical indicators showing oversold conditions (RSI around 29) and a bearish momentum (MACD below zero). Analysts note that breaking this support could trigger further declines toward $0.074 or lower, while a rebound would require retaking the lost $0.088‑$0.089 range.

The downturn reflects broader weakness across the crypto market, with institutional capital shifting toward Bitcoin, Ethereum and other large assets, and retail investors moving into alternative assets such as AI stocks. Elon Musk has stopped mentioning Dogecoin, and the token lacks new utility or integration with X payments, contributing to its sustained price pressure.