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Dogecoin Falls to $0.08, Breaking $0.10 Support in Crypto Selloff

Trader positioning shows heavy outflows with reduced leverage, raising the risk of another test of $0.08 support.

Overview

  • Dogecoin is down about 21% week over week, sliding to roughly $0.08 before a brief bounce toward $0.09 on Friday.
  • DOGE cracked key supports at $0.10 and $0.0950, tagged a low near $0.080, and remains below the 100‑hour simple moving average.
  • Hourly charts flag a bearish trend line capping price near $0.0950, with the MACD in negative territory and the RSI below 50.
  • Analysts highlight supports at $0.0850, $0.0820, and $0.080, with downside scenarios pointing to $0.0750–$0.070 if selling resumes.
  • Market gauges show stress as DOGE’s market cap fell by over $1 billion on the day, open interest dropped 16.7%, and futures netflows turned negative.