DOGE Loses 7% Amid Broad Pullback in Risk Assets

Dogecoin Tanks Nearly 8% as Investors Flee Risk on Geopolitical and Economic Fears

Dogecoin, the canine-inspired cryptocurrency beloved by retail traders, dropped as much as 7.5% Tuesday, plunging from $0.176 to $0.164 as global turmoil and economic jitters weighed heavily on digital assets.

Escalating hostilities between Israel and Iran rattled risk markets, sparking a broad flight to safety. Crypto, often touted as an alternative asset, was caught in the crosswinds, with Dogecoin shedding nearly 8% before clawing back modest gains above a critical support level.

Meanwhile, the Federal Reserve is holding interest rates steady, but ongoing balance sheet tightening adds a layer of caution for risk-on trades. Altcoins, particularly volatile tokens like Dogecoin, remain sensitive to such macro shifts.

Technically, DOGE showed a sharp sell-off during the 15:00–16:00 UTC window, driven by nearly 700 million tokens exchanging hands. A rebound attempt lifted prices into a narrow band around $0.168 to $0.171, but a descending triangle pattern on the charts hints at potential further weakness if sentiment doesn’t improve.

With volume tapering off and traders scanning for clarity, Dogecoin appears locked in a tense waiting game amid an increasingly fragile global backdrop.