Dogecoin Trading Volume Plunges 33% as Futures Lose $500M Amid Iran Conflict, Mixed Technical Signals Emerge
Dogecoin (DOGE) dropped over the weekend because the war in Iran made the cryptocurrency market weaker. On March 1, 2026, Dogecoin was trading at $0.093 per coin, which is down by 4% in just one day. Experts say that the price could go down even more before it starts to rise again. Many investors are watching the situation closely to decide when it might be the right time to buy.
Crypto analyst Ali Martinez says that $0.058 is the important level where people could start buying Dogecoin safely. This level is about 37% lower than the price of DOGE today. Martinez believes that buyers may start entering the market when the price reaches this level. According to Polymarket, more than half of traders expect that Dogecoin could end the year below $0.06 if current trends continue.
Mixed Technical Signals
Technical signals are mixed. One tool called MACD shows “Buy,” while another called Awesome Oscillator says “Sell.” The RSI signal is neutral. This means traders should be careful.
The war in Iran also caused Dogecoin’s trading volume to drop sharply by 33% in just one day. The futures market, which is used by traders to predict prices, is also showing weakness. Open interest, which is the total number of active contracts, fell almost 10%, wiping out over $500 million since the start of 2026. Experts say that recovery could happen if the war slows down or if Bitcoin, the biggest cryptocurrency, stabilizes in price.
Short-Term and Long-Term Outlook
In the short term, Dogecoin may stay above $0.09. If it manages to hold this level, it could rise to somewhere between $0.11 and $0.16. In the longer term, analysts think that Dogecoin could reach $0.11 by the end of 2026 and $0.15 by the year 2030.
Many experts suggest that it is better to wait for better buying levels before investing a lot of money in Dogecoin. This will give investors a safer chance to buy at lower prices.
Events to Watch
Upcoming events could affect Dogecoin. China’s 15th Five-Year Plan, on March 4, may impact global markets and cryptocurrencies. If DOGE drops closer to $0.058, it may be a good chance to buy.
Dogecoin’s price shows how world events can affect cryptocurrencies. Experts say to watch trading volume, technical signals, and futures before making decisions.
