Dogecoin Tanks 7%, Technical Analysis Suggests Buy Opportunity Amid Macro Shifts and Dollar Strength

Dogecoin has crashed 7% following intensified selling across the crypto market, but technical analysis suggests the drop may provide a buy opportunity for daring traders. DOGE price fell below its 20-day EMA and 50-day EMA, confirming a breakdown from a symmetrical triangle structure. The recent candle closed under the 0.236 Fibonacci retracement at $0.178, and RSI has slipped to 34.5, near oversold territory. A sustained move above $0.196 could shift short-term momentum toward the $0.210-$0.216 resistance zone.