DOGE Struggles Below $0.07 as Market Sentiment Worsens

Dogecoin (DOGE) is struggling to hold above $0.070 as market sentiment weakens amidst heightened geopolitical tensions.

The world's largest memecoin has dropped 5% in the previous session, with its price closely tied to retail investor enthusiasm and broader market risk appetite.

Geopolitical uncertainty has pushed investors toward a more cautious stance, reflected in CoinMarketCap's Fear & Greed Index, which dropped to 37 from 40 earlier in the week.

Dogecoin's derivatives market presents a mixed picture, with futures open interest declining but trading volume surging 76%.