Dogecoin Price Drops 7.5% Amid Bearish Trend and Geopolitical Tensions

Dogecoin (DOGE) is currently under significant selling pressure, with its price hovering around $0.167. Both daily and hourly charts indicate a clear trend of buyers stepping back and momentum slowing down. After failing to break above the $0.20 resistance, DOGE's price is now losing support at key moving averages, raising questions about whether the price will fall further or if bulls can defend this critical zone.

The daily chart reveals a continuous series of lower highs and lower lows, with DOGE trading below the 20-day ($0.185), 50-day ($0.201), and 100-day moving averages ($0.184). These moving averages now act as dynamic resistance zones, increasing the downward pressure. The 200-day moving average, sitting at $0.250, suggests long-term trend weakness. The recent breakdown below $0.17 indicates that short-term buyers have exited, with Heikin Ashi candles mostly red, confirming the bearish trend. The support zone is now between $0.160 and $0.155, and a clear breakdown could open a path toward $0.145 and even $0.125, which is a 25.14% drop from the current level. This potential loss could discourage new investors unless strong buying pressure returns.

On the hourly chart, DOGE is stuck below all key moving averages: the 20, 50, 100, and 200 SMAs, which are tightly packed between $0.169 and $0.181. The price has been rejected from this zone multiple times, reflecting strong intraday resistance. Over the last 48 hours, DOGE attempted to reclaim $0.175 but failed, slumping back to $0.167. Repeated lower highs suggest weakening demand even among day traders. The short-term floor is near $0.162, and if this level is breached, DOGE could retest $0.150 quickly.

A bounce is possible, but only if DOGE can reclaim and hold above $0.175 with volume. This would clear the 20 and 50 SMAs and open a path to $0.185, which aligns with the 100-day moving average. A move from $0.167 to $0.185 would be a 10.77% rally. However, the current structure and moving averages suggest any bounce will be short-lived unless broader market sentiment improves. Bitcoin dominance is rising, and altcoins like DOGE tend to lag during such periods.

Dogecoin’s trend is clearly bearish on both the daily and hourly timeframes. Sellers are in control, and support levels are under threat. If $0.162 breaks, DOGE could drop an additional 10–20% in the coming weeks. Reclaiming $0.175–$0.185 is critical for any short-term recovery. Until then, the meme coin may continue to bleed slowly as the market rotates capital into larger caps. If you're holding, this may be a wait-and-watch game. If you're looking to buy, patience could offer better prices.

Dogecoin has been experiencing a significant downward trend in recent days, with sellers dominating the market. Support levels are being tested, and if the price falls below $0.162, DOGE could drop an additional 10–20% in the coming weeks. This decline is part of a broader market reaction to rising geopolitical tensions, which have led to a risk-off sentiment across various asset classes. The price of DOGE tumbled as much as 7.5% in a 24-hour period, sliding from $0.176 to $0.164. The current market conditions suggest that DOGE may continue to face downward pressure until it reclaims the $0.175–$0.185 range. The broader cryptocurrency market has also been affected by these trends, with other major coins like Shiba Inu experiencing similar declines. Shiba Inu, for instance, saw a 3.5% decline amid broader crypto market losses and U.S. stock market weakness. The overall sentiment in the cryptocurrency market remains cautious, with investors closely monitoring geopolitical developments and their potential impact on digital assets.