Dogecoin slides toward $0.07 as Iran‑US tensions spark crypto risk‑off

Dogecoin fell to just above $0.07 on Thursday, testing a key support level as the US‑Iran escalation pushed risk‑off sentiment across the crypto market.

Market pressure from geopolitical risk

The price dip coincided with a surge in “Extreme Fear” on the Crypto Fear & Greed Index, which fell to 26 as the United States and Iran exchanged attacks and the U.S. reinstated sanctions on Iranian oil exports. The heightened tension prompted investors to shed higher‑beta assets, and Dogecoin, a meme‑coin with a historically volatile profile, mirrored the broader sell‑off in Bitcoin and Ethereum.

Technical picture and on‑chain signals

Dogecoin remains trapped below its 50‑day EMA of $0.08, its 100‑day EMA of $0.09, and the 200‑day EMA of $0.11, indicating that short‑term momentum is still negative despite a modestly positive MACD histogram. The RSI sits around 36, edging out of oversold territory but still reflecting weak buying interest. Perpetual futures open interest rose to $1 billion, up from $995 million the day before, suggesting that traders are maintaining or adding leveraged positions even as spot prices weaken【1】.

Analysts note that a daily close above $0.08 would be required to reopen the $0.09 resistance zone and eventually the $0.11 200‑day EMA. Failure to break this barrier could see price slide toward the next major support at $0.05. A separate forecast places Dogecoin’s price range for 2026 between $0.07 and $0.10, with resistance clustered around $0.088–$0.10 and a potential upside to $0.12–$0.22 if market conditions improve【2】.

What to watch

• $0.08 daily close – a sustained close above this level would signal a possible reversal of the current downtrend.
• Perpetual futures OI – a continued rise toward or beyond $1 billion could indicate growing leveraged exposure that may amplify future moves.
• Geopolitical developments – any de‑escalation in US‑Iran tensions could lift risk appetite and help crypto assets recover.

Dogecoin’s ability to hold the $0.07 support will test whether the current risk‑off wave is a temporary blip or the start of a longer‑term bearish phase for high‑beta crypto assets.