Dogecoin (DOGE) Price: War Fears Are Crushing the Meme Coin — But a Rare Buy Signal Just Lit Up

TLDR

• DOGE is trading around $0.072, approaching its yearly low of $0.069
• US-Iran tensions and Houthi threats have reduced appetite for speculative assets
• Open interest is rising alongside falling prices, suggesting new short positions
• The long-to-short ratio sits at 0.88, meaning more traders are betting on a price drop
• Weekly TD Sequential buy signals have appeared, a pattern that has historically preceded strong rallies

Dogecoin is trading around $0.072 on Thursday, close to its yearly low of $0.069. The meme coin has been under pressure as global tensions push traders away from riskier assets.

The US military confirmed it completed its 11th night of strikes on Iran, targeting drone storage sites and aircraft hangars. Iran responded with attacks on US military assets in Bahrain, Kuwait, and Jordan. Iranian forces also struck two oil tankers attempting to pass through the Strait of Hormuz, and Yemen’s Houthis targeted two Saudi oil tankers in the Red Sea.

President Trump warned the US would strike Iranian infrastructure if attacks on Hormuz vessels continued.

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