DOGE Drops 8.4% Amid Meme Coin Market Slump; Key $0.18 Support Level in Focus

Dogecoin (DOGE) experienced a significant price decline over the past 24 hours, with the Binance price dropping 8.40% from a 24h open of $0.19017 to $0.17420. This downward movement is primarily attributed to broader weakness in the meme coin sector, as the overall meme coin market capitalization fell by over 4%, and increased long liquidations added further selling pressure. No recent protocol updates, partnerships, or major events were identified for DOGE in the past week, and technical analysts indicate June 2025 is a critical period for trend determination, with DOGE at risk of further declines if support at $0.18 fails. Market data shows active trading with substantial 24-hour volume, and DOGE maintains a leading market capitalization position despite current volatility.