DOGE Token Slides 2.15% as ETF Delay and Geopolitical Tensions Drive Volatility

Dogecoin (DOGEUSDT) experienced a 2.15% price decline over the past 24 hours on Binance, with the current price at $0.16676 and a 24-hour open of $0.17042. The price drop is primarily attributed to the postponement of the anticipated Dogecoin ETF approval, which increased market volatility and uncertainty, as well as broader crypto market sell-offs driven by heightened geopolitical tensions between Iran and Israel. Additional bearish sentiment was reinforced by technical indicators, including a "death cross" and negative LMACD signals, prompting further caution among traders. Despite a recent weekly gain and robust trading volume exceeding $925 million, short-term sentiment remains predominantly bearish, with high volatility and mixed price forecasts for the upcoming months.