DOGE Token Slides 2.12% Amid Geopolitical Tensions, Loses Top 8 Market Cap Spot to TRX

Dogecoin (DOGEUSDT) is trading at $0.16779 on Binance, down 2.12% over the past 24 hours from a 24h open of $0.17142. The recent price decline is primarily attributed to broader market risk-off sentiment following geopolitical tensions between Iran and Israel, which triggered a sell-off across major cryptocurrencies, including Dogecoin. Additional bearish pressure stems from technical indicators showing a prevailing downtrend and negative momentum, as well as regulatory uncertainty with the SEC pausing altcoin ETF applications, dampening institutional interest. Despite a 24-hour trading volume of approximately $1.25 billion and high retail participation, Dogecoin remains under resistance near $0.176 and has lost its #8 market capitalization position to Tron (TRX). No recent protocol updates or major events have been reported for Dogecoin in the last week, and competition from new meme coins is adding to the cautious sentiment.