Dogecoin, the largest MEME coin, according to the maximum market, witnessed the trading of low fluctuations on Thursday, with a decrease in the price of 0.4 % to $ 0.17. This fall will follow the broader uncertainty in the market amid the escalating military action between Israel and Iran. While the Doge Market derived in the continued current correction, the currency price is placed near a high accumulation area, indicating an opportunity to reflect the rise.
Signs of weak marketing market continued to drop
Last week, the price of Dogecoin decreased from $ 0.26 to $ 0.170, which led to a loss of 17.16 %. The declining momentum was primarily driven by escalating military action in the Middle East, and is now intensifying with rumors that the United States could participate in the conflict of Iran and Israel.
Along with the price correction, the future decades recorded the open interest a noticeable decrease. according to Coinglass Data, the value of Doge-OI decreased from $ 3.07 billion in late May to $ 1.78 billion, represented by a loss of 42 %.
Since this decline coincides with the escalating geopolitical tensions in the Middle East, it reflects a wider transformation towards the market warning, as investors actively reduce their exposure to high -risk assets, such as Meme currencies.
If this trend continues, the difficult momentum may weaken behind a dawn, which leads to slow or long correction.
Dogecoin price to test the main support for reflection
In May 2025, Dog showed a remarkable reflection of the level of $ 0.254, which prompted the price by 33 % to its current trading of $ 0.17. This slide has shown a new high formation in the daily chart, indicating that traders continue to follow its morale of the sale.
The price of the Dogecoin is less than the 100 and 200 days moving averages the seller’s dominance originally. If the landmark continues, another 13.5 % memecoin can stumble to test the multi -subsidy line at $ 0.15.
Since August 2024, this support line has been a dynamic support for buyers, which enhances a bullish reflection of 44 % to 440 %.
Consequently, the DOGE price can regain its bullish momentum in the direction of the lower support and restore to the lower direction line that carries the current correction direction. The potential collapse of this barrier would confirm the reflection of the direction and lead an initial increase to the sign of $ 0.26.
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