Dogecoin Digs a Hole to 2023 Lows, but the Hole Apparently Has a $0.067 Floor 🦴

Dogecoin [DOGE] fell to $0.069 on June 30, its lowest level since October 2023, after breaching the $0.07 support alongside a broader crypto market decline. The memecoin later rebounded slightly to $0.071, down 1.47% over 24 hours, while trading volume climbed 32% to $819 million, according to market data. On-chain flow data showed aggressive selling that day, with Sell Volume reaching 674 million against Buy Volume of 594 million, a Buy-Sell Delta of -79 million. The same pattern persisted at press time, with Sell Volume at 112 million. The drop through $0.07 triggered liquidation cascades, with over $5 million in long positions liquidated per CoinGlass. Futures Netflow over the past 24 hours printed negative at $29 million, but short-term flows turned positive after the move, with the 12-hour Futures Netflow rising 126% to $10.7 million on $163 million in inflows versus $152 million in outflows. Technical indicators reinforced the bearish setup, with the Daily Relative Strength Index (RSI) slipping to 21 in oversold territory at the time of writing. Under continued spot sell pressure, DOGE risked losing the $0.07 level and sliding toward $0.067, with a reclaim of the short-term moving averages near $0.074 required to neutralize the downside bias.