Dogecoin Price Dives Amid Shift in Crypto ETF Sentiment

Dogecoin (DOGE) has been struggling to regain its footing after shedding over 10% in value over the past week, settling at $0.07991.

The decline was largely attributed to the pullback of investors following shifting sentiment around crypto-linked ETFs, with Bitwise Asset Management announcing the liquidation of its spot Dogecoin ETF due to weak investor demand.

Despite technical indicators showing oversold conditions and a strong downside trend, traders are keeping a close eye on the $0.07889 support level, as a break below could accelerate downside volatility.