DOGE Dips 2.94% After May Surge, $1.56B Volume Signals Ongoing Volatility and Consolidation

Dogecoin (DOGE) is currently trading at $0.22702, reflecting a 2.94% decline over the past 24 hours, with a 24-hour trading volume of approximately $1.56 billion and a market capitalization of $34.13 billion. The recent price decrease follows a period of heightened volatility and significant gains earlier in May 2025, driven by a surge in market attention, a breakout above the 200-day EMA, and increased trading activity, including open interest surpassing $3 billion. While recent forecasts and analyst sentiment remain bullish—highlighting potential for further gains if momentum is sustained—today's pullback appears to be a short-term correction after strong upward movements, with the market consolidating as traders react to key resistance levels and await further catalysts.