# Dogecoin falls below $0.07 to 2023 lows, eyes $0.065 support

**Published:** 2026-07-28T07:02:04.695Z  
**Topic:** Dogecoin  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/3b29b917-b394-42b5-8422-4fffb0e224b8

Dogecoin drops to $0.068, 57% volume surge, long liquidations $8.2 M; see key levels and what could trigger a rebound.

Dogecoin slipped to $0.068, breaching the $0.07 support that held since November 2023 and marking its lowest price of the year [1]. The move deepens bearish pressure and puts the meme coin on a path toward the $0.065 psychological support zone, a level that could trigger further selling if it fails to hold.  

| At a glance | |
|---|---|
| Price | $0.068 |
| 24h change | –4.3% |
| Key level | $0.07 support broken |
| Catalyst | Broad crypto pullback and heavy long liquidations |

## Market pressure and liquidation dynamics  
The broader crypto market slump accelerated Dogecoin’s decline, with trading volume jumping 57% to $866 million—a clear sign of heightened activity [1]. Leveraged traders rushed to cut exposure: CoinGlass reported $8.20 million in long positions liquidated in 24 hours, while short liquidations were under $0.6 million, indicating that bullish traders bore the brunt of the sell‑off [1]. Perpetual market data echo this imbalance; sell‑perps volume reached 493.04 million versus 426.535 million on the buy side, driving the buy‑sell delta to –66.505 million [1]. Futures outflows also outpaced inflows, with net outflows of $94.46 million, a 361.34% swing that underscores capital exiting Dogecoin derivatives [1].

## Technical outlook and on‑chain signals  
Technical indicators confirm the bearish tilt. The Relative Strength Index fell to 31.34, nudging the token into oversold territory and suggesting possible short‑term buying interest, though the momentum remains weak [1]. Spot netflow was negative at –$1.87 million, indicating more DOGE left exchanges than entered, which could provide a modest floor for price despite derivative pressure [1]. Across other reports, the RSI was reported near 21, reinforcing the view of strong downside momentum [2]. In addition, long‑to‑short ratios below 1.0 and negative funding rates (–0.003%) point to a market where short positions dominate, further weakening bullish bias [3].

## Comparative price context  
Dogecoin’s $0.068 price is its lowest since October 2023, when it last traded near $0.069 [2]. The $0.07 support had previously acted as a barrier during earlier pullbacks, and its breach now aligns with a series of bearish technical readings across moving averages: the token sits below the 50‑day EMA ($0.081), the 100‑day EMA ($0.088) and the 200‑day EMA ($0.104) [3]. These layers of resistance suggest that any short‑term rebound would need to clear multiple thresholds before sustaining an uptrend.

## What to watch  
- $0.065 – Key psychological support; a close below could trigger a deeper decline toward $0.060.  
- $0.070 – Re‑testing this broken support may prompt short covering if buying pressure returns.  
- Institutional inflows into DOGE‑linked ETFs – minimal activity so far; a surge could provide fresh demand.

Dogecoin’s slide below $0.07 highlights the fragility of meme‑coin rallies amid a broader market downturn, leaving the token’s near‑term trajectory hinged on whether it can stabilize above $0.065 or succumb to further downside pressure.

## Sources
1. Cryptonews — [Analyzing Dogecoin’s hit to 2023 lows – Can DOGE reclaim $0.07?](https://cryptonews.net/news/analytics/33196183/)
2. Cryptonews — [Dogecoin price sinks to 2023 lows – Can DOGE hold above $0.067?](https://cryptonews.net/news/analytics/33082175/)
3. Invezz — [Dogecoin nears yearly low: is a brutal drop below $0.069 coming?](https://invezz.com/news/2026/07/17/dogecoin-nears-yearly-low-is-a-brutal-drop-below-0-069-coming/)
4. KuCoin — [Dogecoin Price Analysis: $0.073 Support and Whale Accumulation | KuCoin](https://www.kucoin.com/news/flash/dogecoin-price-analysis-0-073-support-and-whale-accumulation)

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Cite as: TrendWatcher, "Dogecoin falls below $0.07 to 2023 lows, eyes $0.065 support", https://www.trendwatcher.in/article/3b29b917-b394-42b5-8422-4fffb0e224b8