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Dogecoin hits multi-year low after breaking key support, testing $0.08 level amid crypto market selloff

Technical Signals
06 Jun 2026
Crypto news
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Bearish
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Dogecoin's price fell to around $0.081 after breaking below a multi-year head-and-shoulders pattern, signaling renewed bearish pressure. The drop followed a broader crypto market selloff triggered by Bitcoin slipping below $60,000, causing heavy liquidations and extreme fear among traders. Analysts note Dogecoin is testing key support near $0.08, with potential recovery targets at $0.1019 and $0.1156 if buyers step in. However, a break below $0.08 could lead to further declines toward $0.067 or even $0.05, while a rebound above $0.10 or $0.16 would challenge the bearish outlook.

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