DOGE Token Sees 5.48% Drop Amid Market Volatility, Retail Buying Surges as ETF Speculation Grows

Dogecoin (DOGEUSDT) experienced a 5.48% price decline over the last 24 hours, with the current price at 0.16170 (Binance data). The price drop is primarily attributed to a sharp selloff on high trading volume, coinciding with broader crypto market volatility and global geopolitical tensions, particularly the Israel–Iran conflict. Despite these pressures, technical indicators such as a low RSI (33.29) suggest DOGE is nearing oversold territory, which has led to increased buying activity among retail investors, as evidenced by 97% of Coinbase users increasing their holdings. Recent news highlights strong technical interest, including the emergence of a "golden cross" pattern and speculation about a potential DOGE ETF, both contributing to heightened market attention and volatility. DOGE remains ranked in the global top 10 by market cap, with 24-hour trading volume between $1.0–$1.98 billion and active ecosystem development, including infrastructure improvements and growing DeFi integration.