DOGE Slides 3.96% Amid Geopolitical Tensions, Oversold Signals Spark Accumulation and Volatility Watch

Dogecoin (DOGEUSDT) is trading at 0.16367 on Binance, down 3.96% over the last 24 hours, with the decline attributed to continued bearish sentiment following recent geopolitical tensions and central bank policy concerns, as well as DOGE being overtaken by TRX in market capitalization rankings. Despite a negative price trend and a 24-hour trading range of $0.1631–$0.1703, technical indicators such as RSI (32) and KDJ (K=21.6) show oversold conditions, while MACD suggests a potential bullish crossover. DOGE has seen significant exchange outflows ($38M in 48h) and strong retail accumulation (97% of Coinbase users buying), indicating possible accumulation, but this has not yet resulted in a price reversal. The market is closely watching key support at $0.16 and resistance at $0.20, with volatility expected as DOGE approaches the apex of a long-term symmetrical triangle pattern. Trading volume remains robust between $1.08B and $1.98B, and market cap stands at $25.1B, but DOGE continues to underperform major peers over the past week and month.