DOGE Slides 4.5% Amid Geopolitical Tensions, But Retail Accumulation and ETF Hopes Sustain Interest

Dogecoin (DOGEUSDT) experienced a 4.5% price decline over the last 24 hours, falling from 0.16991 to 0.16227 on Binance. This drop followed a high-volume selloff, which was likely triggered by broader market volatility and liquidations linked to ongoing global geopolitical tensions, including the Israel–Iran crisis. Despite a brief recovery and strong retail accumulation—evidenced by positive futures funding rates (+0.0092%) and rising open interest ($1.78 billion)—technical indicators such as a low RSI (33.29) and a persistent descending triangle pattern signaled oversold conditions and potential bearish sentiment. Exchange outflows totaling $658 million since May have reduced circulating supply, while speculation around a possible Dogecoin ETF and increased DeFi utility continue to support trading interest. Currently, DOGE is trading at 0.16227 with a 24-hour trading volume near $2 billion and remains among the top 10 crypto assets by market capitalization.