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Dogecoin may drop 10% amid US-Iran tensions and rising Fed rate hike bets.

Market News
09 Jul 2026
FXEmpire
View Source
Bearish
pluang ai news

Dogecoin is showing signs of a potential 10% price drop toward $0.063 due to a bearish inverse cup-and-handle pattern on its chart. On-chain data supports this downside target near $0.06, indicating historically low valuation levels. Renewed US-Iran military tensions have pushed oil prices higher, raising inflation concerns and increasing the likelihood of a Federal Reserve rate hike in September. This hawkish outlook on interest rates could add further selling pressure on Dogecoin, deepening its recent losses.

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