Dogecoin Tanks 7%, But Technical Analysis Says It’s Not Quite Over Yet

Dogecoin (CRYPTO: DOGE) has crashed 7% overnight, but technical analysis suggests the drop may provide a buy opportunity for daring traders.

DOGE Hits Multi-Month Lows Amid Market Pressure

The decline follows intensified selling across the crypto market as the Federal Reserve signaled it may delay rate cuts, boosting the U.S. dollar and dampening risk appetite.

DOGE Netflows (Source: Coinglass)

Data from Coinglass shows Dogecoin outflows of about $20.69 million on Monday — the largest in months, reflecting sustained selling pressure across spot exchanges.

Technical Breakdown Marks Buy Zone