DOGE Drops 9.21% Amid Meme Coin Slump, Analysts Eye June 2025 for Key Trend Shift

Dogecoin (DOGE) experienced a sharp decline of 9.21% over the past 24 hours, with the price dropping from 0.18892 to 0.17152 USDT on Binance. This price movement is primarily attributed to broader weakness in the meme coin sector, which saw a notable decrease in overall market capitalization and heightened liquidation of long DOGE positions. Recent news highlights that DOGE is at a critical technical inflection point, with analysts emphasizing that June 2025 will be decisive for its near-term trend. Despite the recent sell-off, there has been no significant selling from major holders, and institutional trading activity remains present. DOGE maintains a high trading volume of over $1.66 billion and ranks #8 by market cap, reflecting continued strong market participation despite increased volatility and downward pressure.