Dogecoin Slides as Global Uncertainty Hammers Crypto Markets
Dogecoin fell nearly 7.5% over the past 24 hours, dipping from $0.176 to $0.164 amid intensifying geopolitical tensions and cautious macroeconomic signals.
Rising conflict between Israel and Iran has sparked a broad risk-off mood, triggering sharp volatility across crypto markets. DOGE briefly found support near $0.164, but remains under pressure as traders digest the Federal Reserve’s steady-rate stance and balance sheet reductions.
The heaviest selling hit between 15:00 and 16:00 UTC, when trading volumes surged close to 700 million tokens. Though DOGE rebounded slightly to trade between $0.168 and $0.171, a descending triangle pattern suggests lingering bearish sentiment.
Analysts note that while buying activity returned, market participants remain hesitant, waiting for clearer signals before committing to new positions.
