Dogecoin Crashes to $0.12 on Coinbase, Oversold Signal Offers Possible Support
Dogecoin fell to $0.121 on Coinbase during Monday’s session, a drop of over 7% from $0.131 as broader cryptocurrency markets moved lower. The intraday weakness reflects heightened volatility across major tokens and added selling pressure among retail-driven assets, leaving DOGE near session lows and testing short-term support levels.
Despite the pullback, a key market signal — widely cited oversold technical indicators and signs of short-term capitulation — suggests there may be limited downside in the immediate term. That signal, combined with concentrated liquidity on major exchanges like Coinbase, means traders will be watching for stabilizing volume or renewed buying interest; if confirmed, it could set the stage for a volatile rebound, while continued weakness would keep downside risk elevated for meme coins and retail holders.