TLDR
- Dogecoin is trading below $0.070, down 3% in the first week of August 2026
- DOGE has hit a 3-year low near $0.067, down 90% from its all-time high
- Open Interest rose to 16.36 billion DOGE, showing renewed retail interest
- Monthly RSI is more oversold than at the 2022 market bottom
- Key resistance sits at $0.075; losing $0.067 support could push DOGE toward $0.060
Dogecoin is under heavy selling pressure, trading below $0.0700 on Thursday. The meme coin has dropped 3% in the first week of August alone, continuing a decline that began from May highs around $0.1186.
At press time, DOGE was trading at approximately $0.0691 to $0.0698 across sources. Market cap sits at $10.83 billion, with daily trading volume around $387 million.
The price recently touched a 3-year low near $0.067. That level is now acting as the key short-term support floor.
Analyst Ash Crypto posted on X that DOGE is now at its most oversold levels ever on the monthly RSI chart. He noted the coin is down 90% from its all-time high, and that the monthly RSI is more oversold now than it was at the 2022 market bottom — a point that has drawn attention from traders watching for a potential longer-term reversal or relief rally.
$DOGE is now at its most oversold levels ever.
– Down 90% from its ATH.
– It has hit a 3-year low at $0.067.
– Monthly RSI is now more oversold than during the 2022 market bottom.Could this be a bottom signal for DOGE? pic.twitter.com/6L3ejbRvU7
— Ash Crypto (@AshCrypto) August 4, 2026
Technical Indicators Stay Bearish
DOGE is trading below all three major moving averages. The 50-day EMA sits at $0.0754, the 100-day at $0.0830, and the 200-day at $0.0986. The SuperTrend indicator at $0.0758 adds further overhead resistance.
The RSI stands near 39, pointing to weak demand. The MACD remains marginally positive, suggesting limited downside momentum rather than strong selling.
For bulls to change the short-term picture, DOGE would need a daily close above the $0.0754–$0.0758 cluster. That would open the path toward $0.0830.
Signs of Early Stabilization
Despite the bearish trend, some indicators are shifting. Open Interest in DOGE perpetual futures rose from 15.45 billion to 16.36 billion DOGE in a single day, pointing to fresh retail participation.
Analyst CW noted that upward momentum has been growing and net long positioning has started to increase. Analyst CW8900 highlighted that DOGE bounced after a flush of high-leverage long positions — a reset that often clears the market for stabilization.
The upward momentum of $DOGE is growing.
Net buying of long positions is appearing. pic.twitter.com/7mXaCO8fvi
— CW (@CW8900) August 2, 2026
Analyst Crypto Tony said he is watching for a pump from current lows, with $0.075 as the first upside target. A stronger move could bring the $0.079–$0.081 range into view.
On the downside, losing $0.067 firmly could expose $0.060, and potentially $0.055 below that.
The most recent data shows DOGE holding just above the $0.067 low, with traders watching closely to see if that floor holds.
