DOGE Dips 3% to $0.157 Amid ETF Optimism and Strong Exchange Outflows Signal Market Shift

Dogecoin (DOGE) experienced a 3.09% price decline over the past 24 hours, with the current Binance price at $0.15753 and a 24-hour open of $0.16256. The recent price drop can be attributed to ongoing bearish momentum following a broader downtrend since early June, despite positive developments such as Bloomberg analysts estimating a 90% likelihood of a spot Dogecoin ETF approval and increased social media engagement. Technical analysis indicates DOGE is stabilizing near a key support level at $0.17, but renewed demand has yet to materialize, even as exchange outflows remain strong. Market capitalization stands near $24 billion, with trading volume between $566 million and $1.98 billion, reflecting robust but moderating activity as the asset consolidates below recent highs.