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Dogecoin falls below $0.08, hits 3-week low amid panic selling and liquidations

Market News
23 Jun 2026
AMBCrypto
View Source
Bearish
Dogecoin falls below $0.08, hits 3-week low amid panic selling and liquidations

Dogecoin dropped 5.54% to $0.079, breaching the $0.08 support level and reaching a three-week low. This decline triggered $7.68 million in liquidations of long positions, causing panic selling and a surge in sell volume. The memecoin's Relative Strength Index (RSI) indicates strong bearish momentum, suggesting potential further losses toward $0.075 if derivatives selling continues. However, spot market activity shows buyers stepping in, which could support a recovery if Dogecoin reclaims $0.08 and closes above $0.085 soon.

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