Dogecoin falls 7% as risk-off trade hits Ethereum tied tokens

The sell-off was driven by risk-off positioning and heavy derivatives speculation, with futures volume surging even as spot trading declined. What to know : Dogecoin dropped about 6.9 percent, sliding from roughly $0.1085 to $0.1030 as broader crypto markets weakened. The sell-off was driven by risk-off positioning and heavy derivatives speculation, with futures volume surging even as spot trading declined. Traders view $0.10 as a key support level, with a break lower potentially opening downside toward $0.08, while a sustained move back above $0.106–$0.110 would be needed to signal recovery.